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Stock impact report

Compugen Ltd (CGEN) Q3 2024 Earnings Call Highlights: Promising Developments and Strategic ... [Yahoo! Finance]

Compugen Ltd. - Ordinary Shares (CGEN) 
Last compugen ltd. - ordinary shares earnings: 2/20 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: cgen.com/investors/overview
Company Research Source: Yahoo! Finance
Compugen Ltd ( NASDAQ:CGEN ) reported encouraging data from their studies on COM701, COM902, and pembrolizumab in patients with platinum-resistant ovarian cancer, showing durable responses and good tolerability. The company received a $30 million milestone payment from Gilead for achieving FDA IND clearance for COM503, indicating strong progress in their partnership. Compugen Ltd ( NASDAQ:CGEN ) has a strong cash position with approximately $113.2 million, expected to fund operations into 2027, providing financial stability. The company plans to initiate a new trial in Q2 2025, targeting relapsed platinum-sensitive ovarian cancer patients, which could open new regulatory and commercial opportunities. Compugen Ltd ( NASDAQ:CGEN ) is eligible for future milestone payments and royalties from AstraZeneca's development of bispecific antibodies, representing a significant potential revenue source. The overall response rate in the platinum-resistant ovarian cancer study was only 1 Show less Read more
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