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Rigel Pharmaceuticals Inc
F:RI2A

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Rigel Pharmaceuticals Inc Logo
Rigel Pharmaceuticals Inc
F:RI2A
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Price: 10.8 EUR 1.89%
Market Cap: €21.9m

Rigel Pharmaceuticals Inc
Investor Relations

Rigel Pharmaceuticals is a specialty drug company that develops and sells medicines made to treat serious blood, cancer, and immune-related diseases. Its main products are prescription drugs used by doctors and hospitals, with a focus on conditions where patients often need long-term treatment and few good options exist. The company’s work starts in the lab, but it also includes getting medicines approved and bringing them to market. Rigel makes money mainly from selling its own drugs, and it can also earn licensing income, milestone payments, and royalties when it partners with other pharmaceutical companies. That means some of its revenue comes directly from patients and healthcare providers through commercial drug sales, while some comes from deals tied to its drug candidates and intellectual property. What makes Rigel’s business model different is that it is a small biotech with both development and commercialization skills. It can create a drug, take it through approval, and either sell it itself in specialized markets or share it with partners to reach more customers. That gives the company more than one way to turn a medicine into revenue, which is common for smaller drugmakers but less so for larger pharmaceutical companies that rely mostly on broad product portfolios.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 5, 2026
AI Summary
Q1 2026

Revenue: Rigel reported first-quarter net product sales of $54.9 million, up 26% year over year, and total revenue of $58.8 million.

Outlook: Management kept 2026 guidance unchanged at $275 million to $290 million in total revenue and said it still expects positive net income for the full year.

Seasonality: The quarter was pressured by typical first-quarter reimbursement and access issues, but demand improved in March and the company expects sequential growth to resume in Q2.

R289: The Phase Ib R289 study in lower-risk MDS continues to progress, with dose expansion enrolling and top-line dose-expansion data expected by the end of 2026.

Capital moves: Rigel terminated its Lilly RIPK1 collaboration, expects to regain rights, and also replaced its term loan with a $40 million revolving credit facility.

Portfolio growth: Management said it remains focused on commercial execution, late-stage business development, and expanding the pipeline to support launches between 2026 and 2028.

Key Financials
Net product sales
$54.9 million
Total revenue
$58.8 million
TAVALISSE net product sales
$37.3 million
GAVRETO net product sales
$9.6 million
REZLIDHIA net product sales
$8 million
Contract revenues
$3.9 million
Cost of product sales
$4.6 million
Total cost and expenses
$46.9 million
Income before income taxes
$11.7 million
Net income
$8.7 million
Cash, cash equivalents and short-term investments
$146.7 million
Remaining term loan balance repaid
$40 million
Revolving credit facility
$40 million
Revolving credit facility drawn
$8 million
R289 patients enrolled in dose escalation
33
R289 transfusion independence rate
33%
R289 median duration of transfusion independence
around 23 weeks
R289 median time to onset of transfusion independence
about 2 months
R289 dose expansion enrollment
up to 40 patients
R289 recommended Phase II dose timing
second half of 2026
R289 top-line dose-expansion data timing
by the end of 2026
Potential R289 registration study timing
potentially initiate in 2027
Previously treated lower-risk MDS patients in the U.S.
about 12,000
Earnings Call Recording
Other Earnings Calls

Management

Mr. Raul R. Rodriguez
President, CEO & Director
No Bio Available
Mr. Dean L. Schorno CPA
Executive VP & CFO
No Bio Available
Mr. Raymond J. Furey J.D.
Executive VP, General Counsel & Corporate Secretary
No Bio Available
Mr. David A. Santos
Executive VP & Chief Commercial Officer
No Bio Available
Ms. Julie Patel
Senior VP of Human Resources
No Bio Available
Dr. Esteban S. Masuda Ph.D.
Executive Vice President of Research
No Bio Available
Mr. Joseph Lasaga
Executive VP & Chief Business Officer
No Bio Available
Dr. Lisa Rojkjaer M.D.
Executive VP & Chief Medical Officer
No Bio Available
Mr. Tarek Sallam
Vice President of Marketing
No Bio Available

Contacts

Address
CALIFORNIA
South San Francisco
1180 Veterans Blvd
Contacts
+16506241100.0
www.rigel.com
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