Rigel Pharmaceuticals, Inc. (RIGL) Message Board

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Biotech / Medical : Rigel Pharmaceuticals, Inc. (RIGL)

RIGL 30.70

-2.8%

9:30 AM EST

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To: mopgcw who wrote (449)	7/24/2009 9:15:42 AM
From: kenhott	Read Replies (1) of 566

I didn't listen to the conference call yet. But I will try to when I get a little time. A friend who did tells me that the data was in house 48 hours ago and more than the usual suspects had the negative results prior to the CC. So we had the tell tale trading ahead of last night (incl. INCY, even companies like ARRY). I was thinking it must be a safety issue but who knew that it was an efficacy issue. I read the PR, my position is that now the company has to show me. My guess is that they will get it partnered, the issue is the terms and the partner. If they get $25m and 20%, what would the market think? I don't know. I still have to think that thru. But it is not the same potential as before.

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