Rigel Pharmaceuticals Company Profile (NASDAQ:RIGL)

Rigel Pharmaceuticals trades on the NASDAQ under the ticker symbol "RIGL."

Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) released its earnings results on Tuesday, May, 2nd. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.12) by $0.01. The company earned $3.58 million during the quarter, compared to analyst estimates of $4.30 million. Rigel Pharmaceuticals had a negative net margin of 354.14% and a negative return on equity of 96.24%. During the same period in the previous year, the firm posted ($0.19) EPS. View Rigel Pharmaceuticals' Earnings History.

Rigel Pharmaceuticals is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Rigel Pharmaceuticals.

5 equities research analysts have issued 12-month price objectives for Rigel Pharmaceuticals' shares. Their forecasts range from $5.00 to $11.00. On average, they expect Rigel Pharmaceuticals' share price to reach $6.40 in the next twelve months. View Analyst Ratings for Rigel Pharmaceuticals.

Here are some recent quotes from research analysts about Rigel Pharmaceuticals stock:

• 1. According to Zacks Investment Research, "Rigel Pharmaceuticals, Inc. is a clinical-stage drug development company that discovers and develops novel, small-molecule drugs for the treatment of inflammatory diseases, cancer and viral diseases. Its goal is to file one new investigative new drug application in a significant indication each year. The Company's pioneering research focuses on intracellular signaling pathways and related targets that are critical to disease mechanisms. Rigel's productivity has resulted in strategic collaborations with large pharmaceutical partners to develop and market our product candidates. We have product development programs in inflammatory/autoimmune diseases such as rheumatoid arthritis, thrombocytopenia, and asthma and allergy, as well as in cancer. " (5/10/2017)
• 2. Jefferies Group LLC analysts commented, "RIGL is on track to submit an NDA for fosta in ITP in 1Q17; next major catalyst could be FDA acceptance by ~May given mixed Ph3 data & limited FDA interactions following Ph3 data. YE16 cash of ~$75M, plus net proceeds of $43M from recent offering, should be sufficient at least for next 12 months including pre-commercial activities, per RIGL. If fosta is approved in ITP, we see >50% upside to our current PT of $5." (3/8/2017)
• 3. BMO Capital Markets analysts commented, "We remain focused on fostamatinib's pending NDA submission, which we believe supports approval given clear and consistent benefit in ITP, despite one pivotal trial missing statistical significance. We believe reaching an FDA Adcom would be a positive event, as a panel of clinicians would likely recommend approval. Additionally, we believe the fostamatinib addressable patient population is larger than the 18% stable response rate, as real world use would include patients who maintain platelet counts greater than 30K/ul, according to physician feedback. We rate RIGL shares Outperform." (3/8/2017)

Some companies that are related to Rigel Pharmaceuticals include MacroGenics (MGNX), REGENXBIO (RGNX), Paratek Pharmaceuticals (PRTK), NantKwest (NK), Audentes Therapeutics (BOLD), Alder BioPharmaceuticals (ALDR), Otonomy (OTIC), Achillion Pharmaceuticals (ACHN), Seres Therapeutics (MCRB), AnaptysBio (ANAB), Calithera Biosciences (CALA), Intra-Cellular Therapies (ITCI), Aurinia Pharmaceuticals (AUPH), Ignyta (RXDX), Sucampo Pharmaceuticals (SCMP), CytomX Therapeutics (CTMX), Dynavax Technologies Corporation (DVAX) and Atara Biotherapeutics (ATRA).

Rigel Pharmaceuticals' management team includes the folowing people:

• Raul R Rodriguez, President, Chief Executive Officer, Director
• Ryan D. Maynard, Chief Financial Officer and Executive Vice President
• Dolly A. Vance, Executive Vice President, Corporate Affairs, General Counsel and Corporate Secretary
• Eldon C. Mayer III, Executive Vice President, Chief Commercial Officer
• Anne-Marie Duliege M.D., Chief Marketing Officer
• Keith A. Katkin, Director
• Bradford S. Goodwin, Independent Director
• Gary A. Lyons, Independent Director
• Walter H. Moos Ph.D., Independent Director
• Peter S. Ringrose Ph.D., Independent Director

Shares of Rigel Pharmaceuticals can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Rigel Pharmaceuticals stock can currently be purchased for approximately $2.61.