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RIGL logo RIGL
Upturn stock ratingUpturn stock rating
RIGL logo

Rigel Pharmaceuticals Inc (RIGL)

Upturn stock ratingUpturn stock rating
$21.78
Delayed price
Profit since last BUY-3.16%
upturn advisory
WEAK BUY
BUY since 21 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Upturn Advisory Summary

02/27/2025: RIGL (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -16.75%
Avg. Invested days 27
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/27/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 306.35M USD
Price to earnings Ratio 17.32
1Y Target Price 33.67
Price to earnings Ratio 17.32
1Y Target Price 33.67
Volume (30-day avg) 233300
Beta 1.35
52 Weeks Range 7.48 - 29.82
Updated Date 04/1/2025
52 Weeks Range 7.48 - 29.82
Updated Date 04/1/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.99

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-03-04
When After Market
Estimate 0.5789
Actual 0.8

Profitability

Profit Margin 9.75%
Operating Margin (TTM) 28.92%

Management Effectiveness

Return on Assets (TTM) 10.75%
Return on Equity (TTM) -699.05%

Valuation

Trailing PE 17.32
Forward PE 20.33
Enterprise Value 328974720
Price to Sales(TTM) 1.79
Enterprise Value 328974720
Price to Sales(TTM) 1.79
Enterprise Value to Revenue 1.68
Enterprise Value to EBITDA 10.59
Shares Outstanding 17863000
Shares Floating 15340172
Shares Outstanding 17863000
Shares Floating 15340172
Percent Insiders 2.84
Percent Institutions 68.82

Analyst Ratings

Rating 3.5
Target Price 31.33
Buy 1
Strong Buy 1
Buy 1
Strong Buy 1
Hold 4
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Rigel Pharmaceuticals Inc

stock logo

Company Overview

overview logo History and Background

Rigel Pharmaceuticals Inc. was founded in 1996. It is a biotechnology company focused on discovering and developing novel, small-molecule drugs for hematologic disorders, cancer, and immune diseases.

business area logo Core Business Areas

  • Hematology/Oncology: Development and commercialization of therapies for blood disorders and cancers, primarily focusing on TAVALISSE (fostamatinib) for chronic immune thrombocytopenia (ITP).
  • Immunology: Researching and developing treatments for immune diseases.

leadership logo Leadership and Structure

The leadership team includes prominent figures in the pharmaceutical industry, overseeing research and development, commercialization, and corporate strategy. The organizational structure is typical of a biotechnology company, with departments focused on research, clinical development, regulatory affairs, and commercial operations.

Top Products and Market Share

overview logo Key Offerings

  • TAVALISSE (fostamatinib): TAVALISSE is an oral spleen tyrosine kinase (SYK) inhibitor approved for the treatment of adult patients with chronic immune thrombocytopenia (ITP) who have had an insufficient response to prior treatment. Competing products include Amgen's Nplate and Novartis' Promacta, which are thrombopoietin receptor agonists.
  • Rezlidhia (olutasidenib): Rezlidhia is an oral inhibitor of isocitrate dehydrogenase-1 (IDH1) for the treatment of adult patients with relapsed or refractory acute myeloid leukemia (AML) with a susceptible IDH1 mutation, as detected by an FDA-approved test. Competitors include Tibsovo (ivosidenib) from Servier Pharmaceuticals.

Market Dynamics

industry overview logo Industry Overview

The biotechnology industry is characterized by high research and development costs, regulatory hurdles, and competition for innovative therapies. The ITP and AML markets are growing due to aging populations and increased diagnosis rates.

Positioning

Rigel is a specialty pharmaceutical company focused on hematology and oncology. It is positioned as an innovator in targeted therapies, particularly with its SYK inhibitor TAVALISSE. Rigel is also positioned to capture a percentage of the IDH1 market with Rezlidhia (olutasidenib).

Total Addressable Market (TAM)

The TAM for ITP is estimated to be in the billions of dollars. The TAM for IDH1-mutated AML is also significant. Rigel's position with TAVALISSE and Rezlidhia provides it with access to a portion of these large markets.

Upturn SWOT Analysis

Strengths

  • Approved product (TAVALISSE) generating revenue
  • Strong focus on hematology and oncology
  • Innovative SYK inhibitor platform
  • Partnerships for global commercialization
  • Rezlidhia approval

Weaknesses

  • Dependence on a limited number of products
  • High research and development expenses
  • Competition from established pharmaceutical companies
  • Need for additional capital to fund operations

Opportunities

  • Expansion of TAVALISSE into new indications
  • Development of new therapies for hematologic disorders
  • Strategic partnerships and acquisitions
  • Potential for global expansion
  • Further studies in unmet medical needs in AML

Threats

  • Regulatory hurdles and delays
  • Competition from biosimilars and generics
  • Clinical trial failures
  • Economic downturn impacting healthcare spending
  • Patent expirations

Competitors and Market Share

competitor logo Key Competitors

  • NVS
  • AMGN
  • TAK

Competitive Landscape

Rigel faces competition from larger pharmaceutical companies with established brands and greater resources. Rigel's competitive advantage lies in its innovative SYK inhibitor platform and focus on targeted therapies.

Major Acquisitions

None

  • Year: 0
  • Acquisition Price (USD millions): 0
  • Strategic Rationale: N/A

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been driven by the commercialization of TAVALISSE, with fluctuations based on sales performance and clinical trial results.

Future Projections: Future growth depends on the success of TAVALISSE in existing and new indications, the development of new products, and strategic partnerships. Analyst estimates are needed to make projections.

Recent Initiatives: Recent initiatives include expanding the TAVALISSE label, advancing pipeline programs, and pursuing strategic collaborations. The Rezlidhia approval and expansion of the commercial team are other recent initiatives.

Summary

Rigel Pharmaceuticals is a specialty pharmaceutical company with an approved product generating revenue and a focused pipeline. Its innovative technology and strategic partnerships are working well, but the company needs to manage its limited product portfolio and face competition from bigger players. Successful pipeline development and market expansion are crucial for sustained growth. Management needs to carefully manage cash and future R&D to increase shareholders value.

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Sources and Disclaimers

Data Sources:

  • Company SEC Filings
  • Company Investor Relations
  • Analyst Reports
  • Company Website

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Market share data are approximations and may vary. Financial data are based on publicly available information, and accuracy is not guaranteed. Always consult with a qualified financial advisor before making investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Rigel Pharmaceuticals Inc

Exchange NASDAQ
Headquaters South San Francisco, CA, United States
IPO Launch date 2000-11-29
President, CEO & Director Mr. Raul R. Rodriguez
Sector Healthcare
Industry Biotechnology
Full time employees 162
Full time employees 162

Rigel Pharmaceuticals, Inc., a biotechnology company, engages in discovering, developing, and providing therapies that enhance the lives of patients with hematologic disorders and cancer. The company's commercialized products include Tavalisse, an oral spleen tyrosine kinase inhibitor for the treatment of adult patients with chronic immune thrombocytopenia; Rezlidhia, a non-intensive monotherapy to treat adult patients with relapsed or refractory (R/R) acute myeloid leukemia (AML) with a susceptible isocitrate dehydrogenase-1 (IDH1) mutation as detected by an FDA-approved test; and GAVRETO, a once daily, small molecule, oral, kinase inhibitor for the treatment of adult patients with metastatic rearranged during transfection (RET) fusion-positive non-small cell lung cancer (NSCLC), as well as to treat adult and pediatric patients twelve years of age and older with advanced or metastatic RET fusion-positive thyroid cancer. It also develops R289, an oral interleukin receptor-associated kinases 1 and 4 (IRAK1/4) inhibitor for the treatment of hematology-oncology, autoimmune, and inflammatory diseases, as well as to treat lower-risk myelodysplastic syndrome. In addition, the company has product candidates in clinical development with partners BerGenBio ASA, Eli Lilly and Company, and Daiichi Sankyo. It has strategic development collaboration with The University of Texas MD Anderson Cancer Center for the development of Olutasidenib in AML and other hematologic cancers with IDH1mutations, as well as with collaborative network for neuro-oncology clinical trials to evaluate Olutasidenib in combination with temozolomide in patients with high-grade glioma harboring an IDH1 mutation. Rigel Pharmaceuticals, Inc. was incorporated in 1996 and is headquartered in South San Francisco, California.

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