Rigel Pharmaceuticals Updates R2891 Clinical Data
Rigel Pharmaceuticals announced updated data from its ongoing Phase 1b study evaluating R2891, an oral prodrug of R835, a potent and selective dual inhibitor of interleukin receptor-associated kinases 1 and 4, in patients with relapsed or refractory lower-risk myelodysplastic syndrome. The data are being presented today in an oral session by Dr. Guillermo Garcia-Manero at the 67th American Society of Hematology, ASH, Annual Meeting and Exposition being held December 6-9, in Orlando, Florida and virtually. Key highlights from the updated data as of October 28, 2025, include: 33 patients were enrolled, representing a difficult-to-treat population. The median age was 75. The median number of prior therapies was 3; 76% of patients had received luspatercept, 73% had received an erythropoiesis stimulating agent, 67% had received an hypomethylating agent and 6% had received imetelstat. 61% of patients were high transfusion burden at baseline. 67% of patients were ring sideroblast negative. Median duration of treatment was 5.5 months. R289 was generally well tolerated across all dose groups in this heavily pre-treated lower-risk MDS patient population, the majority of whom were HTB at baseline. For evaluable transfusion dependent patients at dose levels of at least 500 mg QD and higher, 6/18 patients achieved durable red blood cell transfusion independence of greater than 8 weeks. Duration of RBC-TI was greater than 16 weeks in 4 patients and greater than 24 weeks in 3 patients. Of the 6 patients achieving RBC-TI, 5 had received an HMA. At doses greater than or equal to 500 mg QD, steady state R835 plasma concentrations reached or exceeded those associated with 50-90% inhibition of lipopolysaccharide-induced cytokine release previously observed in healthy volunteers.
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Rigel Pharmaceuticals Projects 2026 Revenue of $275 to $290 Million
- Strong Financial Performance: Rigel Pharmaceuticals anticipates total revenue for 2025 to reach approximately $275 to $290 million, reflecting robust commercial execution and expected positive net income, which will further solidify its financial foundation.
- Significant Clinical Advancements: Rigel's R289 drug has shown promising data in the Phase 1b trial for lower-risk myelodysplastic syndromes (MDS), marking a major milestone in clinical development that could pave the way for future market expansion.
- Robust Cash Flow: In 2025, Rigel successfully generated $77 million in cash, ensuring ample funding for existing and new clinical development programs, thereby enhancing its competitive position in the market.
- Investor Event Arrangement: CEO Raul Rodriguez will present an overview of the company at the J.P. Morgan Healthcare Conference on January 14, 2026, which is expected to further enhance the company's visibility and credibility among investors.

Rigel Pharmaceuticals Grants 24,775 Stock Options to Attract Talent
- Talent Attraction Initiative: Rigel Pharmaceuticals has granted 24,775 stock options and 16,555 restricted stock units to 11 non-executive employees under an inducement plan approved by the Compensation Committee, aiming to attract and retain key talent through an appealing compensation structure.
- Grant Structure: The stock options and restricted stock units will vest over four years with a one-year cliff, ensuring long-term employee commitment which enhances team stability and business continuity.
- Compliance Assurance: This grant complies with NASDAQ Listing Rule 5635(c)(4), reflecting Rigel's rigorous approach to talent management and compliance, thereby enhancing the company's credibility among investors and in the market.
- Company Background: Founded in 1996, Rigel Pharmaceuticals focuses on developing novel therapies that improve the lives of patients with hematologic disorders and cancer, and this incentive measure will help maintain its innovation and growth momentum in the competitive biotechnology sector.






