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Rigel Reports Third Quarter 2025 Financial Results and Provides Business Update
Prnewswire· 2025-11-04 21:01
Core Insights - Rigel Pharmaceuticals reported strong third-quarter performance, leading to an increase in full-year 2025 revenue guidance due to outstanding commercial execution and pipeline development [2][10]. Financial Performance - Total revenues for Q3 2025 were $69.5 million, comprising $64.1 million in net product sales (up 65% from $38.9 million in Q3 2024) and $5.4 million in contract revenues [4][10]. - Net product sales for TAVALISSE reached $44.7 million (70% growth), GAVRETO at $11.1 million (56% growth), and REZLIDHIA at $8.3 million (50% growth) compared to the same period in 2024 [4][11]. - For the nine months ended September 30, 2025, total revenues were $224.5 million, with net product sales growing 69% year-over-year [7]. Costs and Expenses - Total costs and expenses for Q3 2025 were $41.0 million, slightly down from $41.3 million in Q3 2024, primarily due to lower costs of product sales [5][10]. - Research and development costs increased due to clinical activities related to olutasidenib and R289, along with higher personnel-related costs [5][8]. Net Income - Rigel reported a net income of $27.9 million for Q3 2025, compared to $12.4 million in Q3 2024, translating to $1.55 basic and $1.46 diluted earnings per share [6][10]. Cash Position - As of September 30, 2025, cash, cash equivalents, and short-term investments totaled $137.1 million, up from $77.3 million at the end of 2024 [9][10]. Clinical Development - Rigel is advancing its Phase 1b study of R289 for lower-risk MDS, with enrollment completed in the dose escalation phase and the first patient enrolled in the dose expansion phase [2][11]. - Updated data from the R289 study will be presented at the ASH Annual Meeting in December [10][11]. 2025 Outlook - The company updated its 2025 revenue guidance to approximately $285 to $290 million, an increase from the previous estimate of $270 to $280 million [12][24]. - Rigel anticipates reporting positive net income for the full year 2025 while funding existing and new clinical development programs [12].
X @Bloomberg
Bloomberg· 2025-10-27 17:40
Johnson & Johnson has seen a 17% jump in new lawsuits claiming its iconic baby powder causes cancer after the company’s latest attempt to force a global settlement was thrown out of bankruptcy court https://t.co/IUX0azCloD ...
Lightning Round: I always say 'yes' to speculative stocks trying to cure cancer, says Jim Cramer
CNBC Television· 2025-10-17 00:03
It is time round by social just and then the lightning round is over. Are you ready. Ski daddy the lightning round.Let's go to John in South Carolina. John, >> how you doing Jim. Couldn't be better.John, how about you. >> Doing fine down here in South Kakalaki. >> Yeah.Okay. What stock. >> BL.Yeah. Okay. Building stock.I can't I think the stock is well ahead of where it should be. Even though I like the company, the rest of the cohort is down. I would do some trimming of that stock.How about we go to Nichol ...
X @The Economist
The Economist· 2025-10-07 17:40
The award-winning work of Mary Brunkow, Fred Ramsdell and Sakaguchi Shimon identified cells fundamental to the development of medicines for cancer and autoimmunity https://t.co/5fM9y7bO7C ...
MSNBC Highlights - Sept. 11
MSNBC· 2025-09-12 11:41
Criminal Investigation & Law Enforcement - The FBI press conference aimed to disseminate information to the public, seeking leads on the suspect's appearance, clothing, and backpack [1] - Gun tracing in the US is difficult due to legal loopholes, unlike car tracing via VIN [1] - Utah officials delayed releasing video evidence, waiting for FBI director and deputy to arrive [1] - Despite video, cell phone location data, and public tips, law enforcement lacks progress in identifying the suspect [1] - The governor of Utah stated that Russia and China are spreading disinformation about the situation [1] - Forensic evidence, including fingerprints and DNA from the rifle, cartridges, and other items at the scene, is being processed [2] - Authorities are seeking information from individuals who may have been present at the scene, including the driver of a red car [2] - Experts suggest the shooting didn't require military training, just basic rifle proficiency, and the weapon used was a bolt-action rifle [3] Epstein Case & Legal Implications - Bloomberg obtained 18,000 leaked emails from Epstein's personal email account, shedding light on his predatory tactics and Maxwell's involvement [5] - Emails reveal Maxwell's knowledge of Epstein's legal jeopardy as early as the 2000s [4] - An accountant spreadsheet tracked nearly $2 million in spending, including gifts and cash payments to victims and public figures [7] - Emails show Epstein and Maxwell discussed how to recruit, groom, and discredit young women [7] - In September 2006, an email mentioned removing "Trump" from a list of politicians and executives [8] 9/11 Health Issues & Funding - CDC data indicates nearly 5,000 first responders receive healthcare from Northwell's program [4] - 9/11-linked cancers have increased by 143% in the last five years [4] - The 9/11 responder and survivor funding act is currently stalled in Congress [4] - First responders continue to get sick and suffer, even 24 years later [4]
Pancreatic cancer vaccine shows promise in early trial
NBC News· 2025-08-12 16:15
Clinical Trial Overview - A clinical trial explored a "one-size-fits-all" vaccine's potential in preventing pancreatic cancer recurrence [1] - The trial included approximately 20 pancreatic cancer patients and 5 colorectal cancer patients, all having undergone standard treatments like chemotherapy and surgery [2] - Patients received six priming doses of an experimental vaccine [2] Vaccine Efficacy and Immune Response - The trial aimed to determine if the cancer vaccine could prevent recurrence and extend recurrence-free survival in patients who had standard treatments [3] - About 85% of individuals who received the cancer vaccine mounted the expected immune response [3] - Approximately two-thirds of the participants exhibited a robust immune response that was still detectable months after therapy, extending their cancer-free survival to about 29 months [3] Vaccine Mechanism and Significance - The cancer vaccine primes the immune system to recognize specific mutations present in cancer cells [5] - It introduces a snippet of a genetic mutation, triggering the immune system to identify and eliminate cells with that mutation [5] - This approach exploits the immune system's ability to kill cancer cells [5] Development Stage and Future Prospects - The trial was an early phase one trial with 25 participants [6] - Further success in phase two and phase three trials is necessary before potential FDA approval [6] - The vaccine targets a genetic mutation not specific to pancreatic or colorectal cancer, making it potentially usable in any cancer with that mutation [8][9]
X @Bloomberg
Bloomberg· 2025-07-10 19:14
Legal & Regulatory - The Delaware Supreme Court rejected expert testimony linking Zantac to cancer [1] - This is a major win for the drug makers involved [1]