Compugen Management to Discuss COM701 Data Presented at ASCO at Event Hosted by Truist Securities

Rhea-AI Summary

Compugen Ltd. (Nasdaq: CGEN) announced participation in a virtual event to discuss data from its Phase 1 clinical trial of COM701, an innovative antibody targeting PVRIG. The findings will be presented on June 7, 2021, at the ASCO 2021 Annual Meeting. A fireside chat hosted by Truist Securities analyst Asthika Goonewardene is scheduled for June 8, 2021, featuring key executives from Compugen. The company is focused on developing cancer immunotherapy treatments, including the ongoing studies of COM701 and COM902.

Positive

• COM701 is in a Phase 1 clinical study, indicating progress in drug development.
• Participation in ASCO 2021 enhances visibility and potential investor interest.

Negative

• The impact of the COVID-19 pandemic on business operations remains a concern.

HOLON, Israel, June 1, 2021 /PRNewswire/ -- Compugen Ltd. (Nasdaq: CGEN), a clinical-stage cancer immunotherapy company and a leader in predictive target discovery, today announced that members of its senior management team will participate in a virtual event to discuss data from its ongoing Phase 1 clinical trial evaluating COM701, a first-in-class therapeutic antibody targeting PVRIG, as a monotherapy and in combination with nivolumab. The data will be presented in an oral presenation at the American Society of Clinical Oncology (ASCO) 2021 Annual Meeting, on June 7, 2021.

The vitual fireside chat, hosted by Asthika Goonewardene, Truist Securities Biotech Analyst, will take place on June 8, 2021 at 12:00 PM ET.

Participating on behalf of Compugen are Anat Cohen-Dayag, PhD, President and CEO; Ari Krashin, Chief Financial and Operating Officer; Henry Adewoye, PhD, Senior Vice President and Chief Medical Officer and Eran Ophir, PhD, Vice President, Research and Drug Discovery.

The event will also be available via live webcast through Compugen's website, located at the following link.

About Compugen

Compugen is a clinical-stage therapeutic discovery and development company utilizing its broadly applicable, predictive computational discovery platforms to identify novel drug targets and develop therapeutics in the field of cancer immunotherapy. Compugen's lead product candidate, COM701, a first-in-class anti-PVRIG antibody, for the treatment of solid tumors, is undergoing a Phase 1 clinical study. In addition, COM902, Compugen's antibody targeting TIGIT, is in a Phase 1 clinical study. Compugen's therapeutic pipeline also includes early stage immuno-oncology programs focused largely on myeloid targets. Compugen is headquartered in Israel, with offices in South San Francisco, CA. Compugen's shares are listed on Nasdaq and the Tel Aviv Stock Exchange under the ticker symbol CGEN. For additional information, please visit Compugen's corporate website at www.cgen.com. 

Forward-Looking Statement

This press release contains "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Compugen. Forward-looking statements can be identified by the use of terminology such as "will," "may," "expects," "anticipates," "believes," "potential," "plan," "goal," "estimate," "likely," "should," "confident," and "intends," and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Compugen to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Among these risks: the global COVID-19 pandemic may continue to negatively impact the global economy and may also adversely affect Compugen's business. This risk and other risks are more fully discussed in the "Risk Factors" section of Compugen's most recent Annual Report on Form 20-F as filed with the Securities and Exchange Commission (SEC) as well as other documents that may be subsequently filed by Compugen from time to time with the SEC. In addition, any forward-looking statements represent Compugen's views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Compugen does not assume any obligation to update any forward-looking statements unless required by law. 

Company contact:
Yvonne Naughton, PhD
Head of Investor Relations and Corporate Communications Compugen Ltd.
Email: ir@cgen.com

Investor Relations contact:
John Mullaly
Managing Director
LifeSci Advisors, LLC
Email: jmullaly@lifesciadvisors.com
Tel: +1 (617) 429-3548

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SOURCE Compugen Ltd.

FAQ

What is Compugen Ltd. (CGEN) focusing on in its clinical trials?

Compugen is focused on developing cancer immunotherapy, particularly through its Phase 1 trial of COM701 targeting PVRIG.

When will Compugen present data from its Phase 1 trial of COM701?

Compugen will present data from its Phase 1 trial of COM701 at the ASCO 2021 Annual Meeting on June 7, 2021.

What is the significance of the fireside chat hosted by Truist Securities for Compugen?

The fireside chat on June 8, 2021, will provide insights into Compugen's clinical trial data and enhance investor relations.

What are the key products in Compugen's pipeline besides COM701?

Compugen's pipeline includes COM902, an antibody targeting TIGIT, which is also in a Phase 1 clinical study.

How does the COVID-19 pandemic affect Compugen's operations?

The COVID-19 pandemic poses risks that could negatively impact Compugen's business and clinical trials.