Rigel Pharmaceuticals, Inc. (RIGL)

NASDAQ: RIGL · Real-Time Price · USD
16.60
+0.10 (0.61%)
Dec 30, 2024, 12:49 PM EST - Market open
0.61%
Market Cap 292.41M
Revenue (ttm) 157.37M
Net Income (ttm) 3.88M
Shares Out 17.62M
EPS (ttm) 0.22
PE Ratio 72.26
Forward PE 16.55
Dividend n/a
Ex-Dividend Date n/a
Volume 201,769
Open 16.35
Previous Close 16.50
Day's Range 15.62 - 16.86
52-Week Range 7.48 - 29.82
Beta 1.22
Analysts Buy
Price Target 34.80 (+109.64%)
Earnings Date Nov 7, 2024

About RIGL

Rigel Pharmaceuticals, Inc., a biotechnology company, engages in discovering, developing, and providing therapies that enhance the lives of patients with hematologic disorders and cancer. The company’s commercialized products include Tavalisse, an oral spleen tyrosine kinase inhibitor for the treatment of adult patients with chronic immune thrombocytopenia; Rezlidhia, a non-intensive monotherapy for the treatment of adult patients with relapsed or refractory (R/R) acute myeloid leukemia (AML) with a susceptible isocitrate dehydrogenase-1 (IDH1)... [Read more]

Industry Biotechnology
Sector Healthcare
IPO Date Nov 29, 2000
Employees 147
Stock Exchange NASDAQ
Ticker Symbol RIGL
Full Company Profile

Financial Performance

In 2023, Rigel Pharmaceuticals's revenue was $115.78 million, an increase of 0.03% compared to the previous year's $115.74 million. Losses were -$25.09 million, -57.16% less than in 2022.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for RIGL stock is "Buy." The 12-month stock price forecast is $34.8, which is an increase of 109.64% from the latest price.

Price Target
$34.8
(109.64% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Rigel Pharmaceuticals: Realizing The Promise Of Its Acquired Pipeline Agents

Rigel Pharmaceuticals has shown significant growth, particularly from the acquisition of pralsetinib, leading to a 46% improvement in stock valuation since April. Rigel's pipeline includes three appro...

4 hours ago - Seeking Alpha

Rigel Highlights Initial Data from Ongoing Phase 1b Study Evaluating R289 in LR-MDS at the 66th ASH Annual Meeting and Exposition

R289 was generally well tolerated and demonstrated signs of preliminary clinical activity in elderly heavily pretreated LR-MDS patients RBC-TI/HI-E responses occurred in 40% of evaluable TD patients r...

21 days ago - PRNewsWire

Rigel Announces R289 Granted Fast Track Designation by the FDA for Lower-Risk MDS

SOUTH SAN FRANCISCO, Calif. , Dec. 2, 2024 /PRNewswire/ -- Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL), a commercial stage biotechnology company focused on hematologic disorders and cancer, today annou...

4 weeks ago - PRNewsWire

Rigel to Present at the Jefferies London Healthcare Conference

SOUTH SAN FRANCISCO, Calif. , Nov. 12, 2024 /PRNewswire/ -- Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL), a commercial stage biotechnology company focused on hematologic disorders and cancer, today anno...

6 weeks ago - PRNewsWire

Rigel Pharmaceuticals, Inc. (RIGL) Q3 2024 Earnings Call Transcript

Rigel Pharmaceuticals, Inc. (RIGL) Q3 2024 Earnings Call Transcript

7 weeks ago - Seeking Alpha

Rigel Reports Third Quarter 2024 Financial Results and Provides Business Update

Third quarter total revenue of $55.3 million, which includes TAVALISSE® net product sales of $26.3 million, REZLIDHIA® net product sales of $5.5 million and GAVRETO® net product sales of $7.1 million ...

7 weeks ago - PRNewsWire

Rigel Announces Six Poster Presentations at the 66th American Society of Hematology Annual Meeting and Exposition

-    Initial data from the ongoing Phase 1b study evaluating R289, a dual IRAK1/4 inhibitor, in LR-MDS -    Additional data for  REZLIDHIA® (olutasidenib) in patients with mIDH1 AML and MDS SOUTH SAN ...

7 weeks ago - PRNewsWire

Rigel Announces Conference Call and Webcast to Report Third Quarter 2024 Financial Results and Business Update

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 o...

2 months ago - PRNewsWire

Rigel Pharmaceuticals Issues Dear Healthcare Provider Letter for GAVRETO® (pralsetinib)

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, ...

2 months ago - PRNewsWire

Optime Care Expands Partnership with Rigel Pharmaceuticals to Include Commercial Distribution for TAVALISSE®

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, I...

2 months ago - GlobeNewsWire

Rigel Pharmaceuticals: Looking For More Growth

Rigel Pharmaceuticals' strategic acquisitions of GAVRETO and REZLIDHIA, along with strong TAVALISSE sales, position the company for significant growth and potential profitability. Despite historical n...

2 months ago - Seeking Alpha

Rigel Pharma Remains Bullish, Growth Fueled By FDA-Approved Drugs, Strategic Partnerships

Rigel Pharmaceuticals has surged 50.1% since my previous article, driven by successful execution, innovative portfolio, strategic partnerships, and pipeline progress. RIGL's FDA-approved drugs, Tavali...

2 months ago - Seeking Alpha

Rigel Announces Inducement Grants under NASDAQ Listing Rule 5635(c)(4)

SOUTH SAN FRANCISCO, Calif. , Oct. 4, 2024 /PRNewswire/ -- Rigel Pharmaceuticals, Inc. ("Rigel") (Nasdaq: RIGL) today announced that it has granted awards pursuant to Rigel's Inducement Plan, approved...

3 months ago - PRNewsWire

Rigel to Present at the 2024 Cantor Global Healthcare Conference

SOUTH SAN FRANCISCO, Calif. , Sept. 12, 2024 /PRNewswire/ -- Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL), a commercial stage biotechnology company focused on hematologic disorders and cancer, today ann...

3 months ago - PRNewsWire

Rigel Announces First Patient Enrolled in Phase 1b/2 Triplet Therapy Trial of REZLIDHIA® (olutasidenib) in mIDH1 AML

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 patie...

4 months ago - PRNewsWire

Rigel Expands Relationship with Kissei to include REZLIDHIA® (olutasidenib) in Japan, the Republic of Korea and Taiwan

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 ...

4 months ago - PRNewsWire

Rigel to Participate in Upcoming September Investor Conferences

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 anno...

4 months ago - PRNewsWire

Rigel Pharmaceuticals, Inc. (RIGL) Q2 2024 Earnings Call Transcript

Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Ray Furey - EVP, General Counsel and Corporate Secretary Raul Rodriguez - Pre...

5 months ago - Seeking Alpha

Rigel Reports Second Quarter 2024 Financial Results and Provides Business Update

Second quarter total revenue of $36.8 million, which includes TAVALISSE® net product sales of $26.4 million, REZLIDHIA® net product sales of $5.2 million and GAVRETO® net product sales of $1.9 million...

5 months ago - PRNewsWire

Rigel Announces Conference Call and Webcast to Report Second Quarter 2024 Financial Results and Business Update

SOUTH SAN FRANCISCO, Calif. , July 30, 2024 /PRNewswire/ -- Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) today announced that it will report its second quarter 2024 financial results after market close ...

5 months ago - PRNewsWire

Rigel Pharmaceuticals: Undervalued FDA-Approved Products With Promising Cash Flow Potential

Rigel Pharmaceuticals focuses on innovative therapeutics for hematological conditions and cancers, with FDA-approved products Tavalisse, Rezlidhia, and Gavreto targeting specific diseases. RIGL's pipe...

5 months ago - Seeking Alpha

Optime Care Announces Enhanced Partnership with Rigel Pharmaceuticals for GAVRETO® Patients

ST. LOUIS--(BUSINESS WIRE)--Optime Care, a nationally recognized specialty pharmacy and an AscellaHealth Company, today announces a contractual partnership with Rigel Pharmaceuticals, Inc., effective ...

6 months ago - Business Wire

Rigel Announces Reverse Stock Split

SOUTH SAN FRANCISCO, Calif. , June 25, 2024 /PRNewswire/ -- Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) today announced that it will effect a reverse stock split of its issued and outstanding shares of...

6 months ago - PRNewsWire

Rigel Pharmaceuticals Completes Transfer of GAVRETO® (pralsetinib) New Drug Application

GAVRETO will be available from Rigel in the U.S. beginning June 27, 2024 SOUTH SAN FRANCISCO, Calif. , June 24, 2024 /PRNewswire/ -- Rigel Pharmaceuticals, Inc. ("Rigel") (Nasdaq: RIGL) today announce...

6 months ago - PRNewsWire

Rigel Announces Five Presentations at the EHA2024 Hybrid Congress

-     Oral presentation highlighting final five-year efficacy data from the registrational Phase 2 trial of REZLIDHIA® (olutasidenib) in heavily pretreated patients with R/R mIDH1 AML , including thos...

7 months ago - PRNewsWire