Stock events for Rigel Pharmaceuticals, Inc. (RIGL)
Over the past six months, Rigel Pharmaceuticals' stock has experienced strong financial performance, including significant revenue growth and profitability. The company reported positive earnings surprises, exceeding analysts' expectations. Several research firms have upgraded Rigel's stock, raising price targets. Rigel issued full-year 2026 earnings guidance, projecting total revenue of approximately $275 million to $290 million, including $255 million to $265 million in net product sales and $20 million to $25 million in contract revenue. Clinical advancements, such as encouraging Phase 1b data for R289, have been highlighted. The share price has increased significantly, with a 153.25% rise from January 7, 2025, to January 6, 2026.
Demand Seasonality affecting Rigel Pharmaceuticals, Inc.’s stock price
The provided information does not contain specific details about the demand seasonality for Rigel Pharmaceuticals' products and services. Demand for its products is likely driven by patient needs and physician prescriptions rather than typical seasonal consumer patterns. Factors such as disease prevalence, treatment guidelines, and competitive landscape would likely have a greater impact on demand than seasonality.
Overview of Rigel Pharmaceuticals, Inc.’s business
Rigel Pharmaceuticals is a biotechnology company focused on discovering, developing, and providing novel therapies for hematologic disorders and cancer. The company operates within the healthcare sector, specifically in the biotechnology industry, developing small-molecule drugs for inflammatory and autoimmune diseases, cancers, and metabolic diseases. Its major marketed product is TAVALISSE for chronic immune thrombocytopenia (ITP). The company's portfolio also includes GAVRETO for RET fusion-positive cancers and REZLIDHIA for relapsed or refractory IDH1-mutated acute myeloid leukemia. Rigel is advancing R289, a dual inhibitor of interleukin receptor-associated kinases 1 and 4 (IRAK1/4), which is in a Phase 1b clinical study for lower-risk myelodysplastic syndrome (MDS).
RIGL’s Geographic footprint
Rigel Pharmaceuticals, Inc. is based in South San Francisco, California, United States. The provided information does not detail a specific global geographic footprint for its operations or sales beyond its US base. However, it has granted Dr. Reddy's Laboratories an exclusive license to develop and commercialize olutasidenib in various international territories.
RIGL Corporate Image Assessment
Rigel Pharmaceuticals' brand reputation in the past year appears to be generally positive, particularly concerning its financial performance and clinical advancements. The company has reported strong preliminary 2025 results with record net product sales and continued profitability. Its clinical programs, including encouraging Phase 1b data for R289 in lower-risk MDS, have also contributed positively. Analyst ratings are predominantly "Moderate Buy," suggesting a favorable outlook from the financial community. There is no information in the provided search results indicating any significant negative events that have affected Rigel Pharmaceuticals' reputation in the past year.
Ownership
Rigel Pharmaceuticals is primarily owned by institutional shareholders, who hold 82.76% of the company, and Rigel Pharmaceuticals insiders, who own 136.53%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and Goldman Sachs Group Inc. The largest individual Rigel Pharmaceuticals shareholder is Bvf Partners L P. James E. Flynn is another significant insider. While institutional ownership is high, insiders have been selling recently.
Ask Our Expert AI Analyst
Price Chart
$39.12