Rigel Receives Milestone Payment from Daiichi Sankyo for Cancer Lig... (ling pathways and related targets that a...)

Rigel Receives Milestone Payment from Daiichi Sankyo for Cancer Ligase Target

Date:12/23/2009

ling pathways and related targets that are critical to disease mechanisms. Rigel's productivity has resulted in strategic collaborations with large pharmaceutical partners to develop and market its product candidates. Rigel has product development programs in inflammatory/autoimmune diseases, such as rheumatoid arthritis, thrombocytopenia and asthma, as well as in cancer.

This press release contains "forward-looking" statements, including statements related to the potential efficacy of novel therapeutics for the treatment of cancer and the clinical development of the lead compound discovered by Rigel and identified by Daiichi for further development. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Words such as "believe," "potential," and similar expressions are intended to identify these forward-looking statements. These forward-looking statements are based upon Rigel's current expectations and involve risks and uncertainties. There are a number of important factors that could cause Rigel's results to differ materially from those indicated by these forward-looking statements, including, without limitation, risks associated with the timing and success of preclinical studies and clinical trials, and potential problems that may arise in the research and development and approval process, as well as other risks detailed from time to time in Rigel's filings with the SEC, including its Form 10-Q for the quarter ended September 30, 2009. Rigel does not undertake any obligation to update forward-looking statements and expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.



    Contact: Raul Rodriguez
    Phone: 650.624.1302
    Email: 
SOURCE  Rigel Pharmaceuticals, Inc.
Copyright©2009 PR Newswire.
All rights reserved 
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