Rigel Reports Q4 and FY22 Financial Results and Provides Business Update

(24/7 MARKET NEWS) – Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) reported, after yesterday’s market close, financial results for the fourth quarter and full year ended December 31, 2022, including sales of TAVALISSE tablets.

Highlights include;

• Fourth quarter 2022 Total Revenue of $51.3 million, including TAVALISSE net product sales of $21.9 million and REZLIDHIA net product sales of $0.9 million

• U.S. commercial launch of REZLIDHIA continues to progress and is supported by recent addition to NCCN Guidelines for AML

Rigel Pharmaceuticals is trading at $2.02, up $0.55 (+37.41%), on 1.8 million premarket shares.

Its 52-week trading range is $0.64 to $3.515. It’s just below its key $2.04 resistance level and, if it can break through that on strong volume, it has a few weaker resistance points to its 52 week high, but very doubtful that it gets there on this move.

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