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Strategies & Market Trends : Charts for limited time traders

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From: Steve Felix	3/31/2024 10:39:21 PM
	of 18

AKBA - Now let's get a bit more granular about what we plan to do over the coming year. After careful analysis, we have decided to make Vafseo available to the market in January 2025 to coincide with its expected TDAPA designation. CGEN - Firstly, at the end of the year, we executed a preclinical licensing deal with Gilead for a total deal value of up to $848 million including a $60 million upfront payment and $30 million near-term milestone payment and with additional single-digit to low double-digit royalties on future net sales. Thirdly, in the fourth quarter of 2023, our partner, AstraZeneca advanced rilvegostomig their PD-1/TIGIT bispecific, the TIGIT component of which is derived from Compugen's COM902 into Phase III development in biliary tract cancer. Dosing of the first patient in this Phase III trial entitled us to a milestone payment and brings Compugen one step closer to a potentially marketed drug. Finally, the cash received from our licensing deal with Gilead, a milestone met by AstraZeneca in 2023 allow us to move into 2024 with a solid balance sheet. The additional cash we received and the cash we expect to receive upon IND clearance of COM503 is expected to extend our cash runway from the end of 2024 into 2027

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