SOUTH SAN FRANCISCO, Calif., Oct. 31, 2024 /PRNewswire/ -- Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) today announced that it will report its third quarter 2024 financial results after market close on Thursday, November 7, 2024. Rigel senior management will follow the announcement with a live conference call and webcast at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss the financial results and give an update on the business.Participants can access the live conference call by dialing 877-407-308 ...

SOUTH SAN FRANCISCO, Calif., Oct. 24, 2024 /PRNewswire/ -- Rigel Pharmaceuticals, Inc. ("Rigel") (Nasdaq: RIGL), a commercial stage biotechnology company focused on hematologic disorders and cancer, today announced it is issuing a Dear Health Care Provider (DHCP) letter related to a new safety signal for GAVRETO® (pralsetinib) after consultation with the U.S. Food and Drug Administration (FDA). GAVRETO is for the treatment of adult patients with metastatic rearranged during transfection (RET) fusion-positiv ...

ST. LOUIS, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Optime Care, a nationally recognized specialty pharmacy and an AscellaHealth Company, today announces an expanded arrangement with Rigel Pharmaceuticals, Inc, effective October 14, 2024, to include commercial distribution of TAVALISSE® (fostamatinib). TAVALISSE is an oral medicine that can help patients manage chronic immune thrombocytopenia (ITP) by protecting their platelets from destruction. "Under this expanded agreement, Optime Care will now manage commercia ...

Join Compounding Healthcare where we employ data analytics in combination with technical analysis and clinical data breakdown in order to manage a position in numerous potential multi-bagger investments that can grow into a comprehensive healthcare portfolio. It has been roughly seven months since my last Rigel Pharmaceuticals (NASDAQ: RIGL ) article , where I discussed their strategic acquisition of GAVRETO (pralsetinib), which, I thought, had a competitive edge over Eli Lilly's ( LLY ) Retevmo. Since then ...

In recent months, Rigel Pharmaceuticals (NASDAQ: RIGL ) has surged by nearly 50.1% since July. RIGL's strength lies in its successful execution, innovative portfolio, strategic partnerships, and continued research pipeline progress. Its main value drivers are the FDA-approved drugs Tavalisse, Rezlidhia, and Gavreto. These My name is Myriam Hernandez Alvarez. I received the Electronics and Telecommunication Engineering degree from the Escuela Politecnica Nacional, Quito, Ecuador, the M.Sc. degree in computer ...

Rigel Pharmaceuticals (RIGL) shares ended the last trading session 19.7% higher at $16.35. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.6% gain over the past four weeks. Earlier this month, the company enrolled the first patient in a phase Ib/II triplet therapy study, which evaluated its marketed drug Rezlidhia (olutasidenib) in combination with decitabine and venetoclax for the treatment of mutated isocitrate ...

First trial in Rigel's multi-year strategic development alliance with MD Anderson Phase 1b/2 trial of decitabine and venetoclax in combination with Rigel's targeted mIDH1 inhibitor REZLIDHIA for patients with mIDH1 AML SOUTH SAN FRANCISCO, Calif., Sept. 5, 2024 /PRNewswire/ -- Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL), a commercial stage biotechnology company focused on hematologic disorders and cancer, today announced the first patient has been enrolled in a Phase 1b/2 triplet therapy trial of decitabine ...

Kissei gains exclusive rights to develop and commercialize olutasidenib in all current and potential indications in Japan, the Republic of Korea and Taiwan Rigel will receive an upfront cash payment of $10.0 million with the potential for up to $152.5 million in future development, regulatory, and commercial milestone payments Rigel to receive product transfer price payments in the mid-twenty to lower-thirty percent range based on tiered net sales for exclusive supply of REZLIDHIA SOUTH SAN FRANCISCO, Calif ...

SOUTH SAN FRANCISCO, Calif., Aug. 29, 2024 /PRNewswire/ -- Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL), a commercial stage biotechnology company focused on hematologic disorders and cancer, today announced that Dean Schorno, the company's chief financial officer, will participate in the following investor conferences in September: 2024 Wells Fargo Healthcare Conference, Boston, MA Mr. Schorno will participate in one-on-one meetings on Thursday, September 5th. H.C. Wainwright 26th Annual Global Investment Con ...

Financial Data and Key Metrics - Net product sales for Q2 2024 were $33.5 million, a 40% increase compared to $23.9 million in Q2 2023 [6] - TAVALISSE net product sales reached $26.4 million in Q2 2024, a 24% increase from Q1 2024 and 25% growth year-over-year [10] - REZLIDHIA net product sales were $5.2 million in Q2 2024, doubling compared to $2.6 million in Q2 2023 [12] - GAVRETO contributed $1.9 million in net product sales in Q2 2024, with 228 bottles shipped to stock the distribution channel [17][18] - Total cost and expenses for Q2 2024 were $36.4 million, up from $32.2 million in Q2 2023, driven by higher product sales costs and R&D expenses [32] Business Line Performance - TAVALISSE achieved its seventh consecutive quarterly record, with 2,672 bottles shipped to patients and clinics, an 8% increase from Q1 2024 and 18% growth year-over-year [10] - REZLIDHIA shipped 424 bottles to patients and clinics in Q2 2024, a 30% increase from Q1 2024 and more than double the demand from Q2 2023 [11] - GAVRETO became commercially available on June 27, 2024, with a smooth transition and early shipments contributing to Q2 revenue [15][17] Market and Strategic Developments - GAVRETO, an FDA-approved therapy for RET fusion-positive cancers, was added to the portfolio, leveraging existing commercial and medical expertise [4][5] - Strategic collaborations with MD Anderson Cancer Center and CONNECT aim to explore REZLIDHIA in IDH1-mutant cancers and advance olutasidenib in AML and glioma [6][19][23] - The company is progressing with its IRAK1/4 inhibitor R289 in a phase 1b trial for lower-risk MDS, with preliminary data expected by the end of 2024 [6][27] Management Commentary - The company is approaching net income break-even, driven by record sales and financial discipline [6][33] - Management highlighted the potential for future growth through in-licensing deals and acquisitions, similar to REZLIDHIA and GAVRETO [33][46] - The focus remains on expanding the hematology and oncology portfolio, with ongoing clinical trials and strategic partnerships [19][23] Q&A Session Question: IRAK1/4 Dose Escalation - The addition of twice-daily dosing cohorts for R289 was based on emerging data to explore optimal dosing for phase 2 expansion [36] Question: MD Anderson Collaboration - The goal is to evaluate olutasidenib in combination with other agents for IDH1-mutated AML, potentially leading to an all-oral triplet therapy [38][39] Question: Revenue Guidance - Management is evaluating the possibility of providing revenue guidance in the future as the business solidifies and approaches break-even [40][41] Question: TAVALISSE Growth Drivers - Growth in TAVALISSE sales is driven by new patient starts and increased prescriber adoption, including earlier-line usage [43][44] Question: Future Deals and Financial Discipline - The company plans to pursue deals that leverage existing capabilities and provide near-term market entry, similar to REZLIDHIA and GAVRETO [46][47] Question: Impact of Voracitinib Approval - The FDA approval of voracitinib for glioma validates the role of IDH inhibitors, with olutasidenib positioned in a different treatment setting [52][53]