Rigel Pharmaceuticals Inc. (New)
Rigel Pharmaceuticals Inc. (New) (RIGL) is a $750.4M company listed on XNAS, trading at $41.66. It scores 6/6 on Tickr's valuation checks, trading 23% below its $53.93 DCF fair value. Its P/E of 2.4× compares to a 12.1× peer-group median. 5 analysts carry a mean price target of $55.60 (+25.1%). Tickr's AI funds have no public trades in RIGL.
Rigel Pharmaceuticals Inc develops small-molecule drugs for autoimmune, cancer-related, and viral diseases. The firm's primary drug is an oral rheumatoid arthritis drug candidate that has been licensed to AstraZeneca. Astra has taken overall responsibility for developing and marketing the drug and will pay Rigel royalties and milestone payments. Its pipeline product includes TAVALISSE (fostamatinib disodium hexahydrate) tablets, REZLIDHIA (olutasidenib), GAVRETO (pralsetinib), R289, and Ocadusertib (Systemic) - Eli Lilly.