Rigel rises after entering licensing deal with Spanish company to market ITP treatment
Rigel Pharmaceuticals Inc (NASDAQ:RIGL) climbed Wednesday after reporting that it has entered into an exclusive license and supply agreement with
READ: Rigel Pharmaceuticals’ price target is raised to US$7 by Jefferies analyst
Included in the deal would be a
“
He added that Rigel expects a decision from the European Medicines Agency by the end of 2019, meaning that the drug could start generating European revenue in 2020.
In patients with ITP, the immune system attacks and destroys the body’s own blood platelets, which play an active role in blood clotting and healing. Common symptoms of ITP are excessive bruising and bleeding.
Grifols advanced $0.38, or 2%, to $19.46 on the Nasdaq.
Contact Dennis Fitzgerald at [email protected]
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/213186/rigel-rises-after-entering-licensing-deal-with-spanish-company-to-market-itp-treatment-213186.html
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