Rigel’s High Science Bet
In an era in which biotechs focus on specialty drugs in niche populations, Rigel has been building a portfolio that looks different from other biopharmas in terms of what goes in and how it goes out. Although the company is currently valued on the performance of fostamatinib, investors might do well to take notice of Rigel’s pipeline.
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Dependent on revenues from AstraZeneca-partnered fostamatinib to fund its growth, Rigel has built a diverse and innovative portfolio. But disappointing results from a Phase IIb dose-ranging trial of fostamatinib – three other pivotal trials will report out soon – could signal trouble for the biopharma. Rigel execs Jim Gower and Raul Rodriguez share perspectives on the AstraZeneca deal and fostamatinib’s prospects.
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