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RIGL

Rigel Pharmaceuticals

$3.35

0.15 (4.69%)

19:24
10/04/18
10/04
19:24
10/04/18
19:24

Rigel Pharma Analyst Day saw 85% tavalisse refill rate, says Piper Jaffray

Piper Jaffray analyst Christopher Raymond kept his Overweight rating and $8 price target on Righer Pharmaceuticals after the company's Analyst Day. He says the presentation indicated utilization of Tavalisse across all lines and a 85% refill rate, suggesting that the drug had higher demand than anticipated. Raymond contends that the launch so far has been successful while also pointing to the company's "positive progress for fostamatinib in AIHA and other pipeline products".

  • 04

    Oct

  • 27

    Nov

RIGL Rigel Pharmaceuticals
$3.35

0.15 (4.69%)

10/04/18
PIPR
10/04/18
NO CHANGE
Target $8
PIPR
Overweight
Rigel update shows Tavalisse launch above estimates, says Piper Jaffray
Piper Jaffray analyst Christopher Raymond keeps an Overweight rating on Rigel Pharmaceuticals following this morning's disclosure providing an update on the Tavalisse launch. Rigel indicated that Tavalisse shipment volume for Q3 was 649 bottles, which translates to close to $5M in revenue for the quarter. This is well ahead of the Q3 consensus estimate of $2.3M, Raymond tells investors in a research note. The analyst continues to like the setup for Rigel and keeps an $8 price target on the shares. The stock in early trading is up 4c to $3.25.
09/04/18
JPMS
09/04/18
NO CHANGE
Target $7
JPMS
Overweight
Rigel Pharmaceuticals price target raised to $7 from $6 at JPMorgan
JPMorgan analyst Anupam Rama raised his price target for Rigel Pharmaceuticals to $7 and reiterates an Overweight rating on the shares. The Tavalisse launch in chronic immune thrombocytopenia, progress on the follow-on indication of autoimmune hemolytic anemia, and potential outside the U.S. partnership progress should drive upside near- and long-term, Rama tells investors in a research note.
08/27/18
08/27/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Rigel Pharmaceuticals (RIGL) initiated with a Buy at Citi. 2. Sonos (SONO) initiated with a Buy at Goldman Sachs, an Outperform at RBC Capital, an Equal Weight at Morgan Stanley, as well as a Hold at Stifel and Jefferies. 3. Cushman & Wakefield (CWK) initiated with an Overweight at Barclays, JPMorgan, and Morgan Stanley, an Outperform at William Blair, JMP Securities, and Credit Suisse, a Buy at Goldman Sachs and BofA/Merrill, as well as a Neutral at Citi. 4. Talos Energy (TALO) initiated with an Overweight at Capital One. 5. VirTra (VTSI) initiated with a Buy at Lake Street. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/27/18
SBSH
08/27/18
INITIATION
Target $8.5
SBSH
Buy
Citi starts Rigel Pharmaceuticals with Buy rating, $8.50 price target
Citi analyst Yigal Nochomovitz initiated coverage of Rigel Pharmaceuticals with a Buy rating and $8.50 price target. The shares closed Friday up 1c to $2.81. The analyst says his U.S. physician survey supports his $400M U.S. peak sales estimate for Tavalisse in immune thrombocytopenia, which launched in April. Further, Nochomovitz assigned a 50% probability for Tavalisse's second indication, autoimmune hemolytic anemia, with Phase 2 data expected in the first half of 2019. Rigel Pharmaceuticals CEO Raul Rodriguez last week gave The Fly an exclusive interview.

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