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Compugen - CGEN STOCK NEWS

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About Compugen (CGEN): Revolutionizing Cancer Immunotherapy with Computational Biology

Compugen Ltd. (NASDAQ: CGEN, TASE: CGEN) is a clinical-stage biotechnology company pioneering the use of computational discovery platforms to identify novel drug targets and develop next-generation cancer immunotherapies. Headquartered in Israel with offices in San Francisco, CA, Compugen leverages its proprietary Unigen™ platform, an AI/ML-powered predictive computational discovery engine, to decode complex cancer biology and uncover innovative therapeutic pathways. This unique approach positions Compugen at the forefront of the immuno-oncology field, where computational biology is transforming drug discovery and development.

Core Business Model and Revenue Streams

Compugen operates a hybrid business model that combines in-house drug development with strategic collaborations. Its primary revenue streams include milestone payments, royalties, and licensing agreements with leading pharmaceutical partners like Gilead Sciences and AstraZeneca. For example, its anti-IL-18 binding protein antibody, COM503 (licensed to Gilead), exemplifies the company's ability to advance novel therapies through early-stage development before transferring commercialization rights to partners. This model not only mitigates financial risk but also accelerates the path to market for its groundbreaking therapies.

Therapeutic Pipeline: Addressing Unmet Needs in Oncology

Compugen's therapeutic pipeline focuses on overcoming immune resistance mechanisms in cancer. Key assets include:

  • COM701: A potential first-in-class anti-PVRIG antibody for solid tumors, showcasing durable responses in challenging cancer types.
  • COM902: A potential best-in-class anti-TIGIT antibody, designed to enhance T-cell activation. This program is further validated through AstraZeneca's rilvegostomig, a PD-1/TIGIT bispecific antibody derived from COM902, currently in Phase 3 trials.
  • COM503: A high-affinity anti-IL-18 binding protein antibody licensed to Gilead, aimed at unleashing the anti-tumor potential of IL-18 within the tumor microenvironment.

These programs are supported by Compugen's predictive discovery capabilities, which integrate multi-omics data, single-cell RNA sequencing, and spatial transcriptomics to identify novel therapeutic targets.

Unigen™ Platform: The Engine Behind Innovation

At the heart of Compugen's success is its Unigen™ platform, a flexible-loop computational system that combines advanced AI/ML algorithms with biological data to accelerate drug discovery. This platform has yielded multiple first- and best-in-class immuno-oncology targets, including PVRIG and TIGIT, and continues to fuel the company's pipeline and partnerships. By integrating patient-derived data and single-cell sequencing, Unigen enables a deeper understanding of tumor biology, paving the way for personalized cancer therapies.

Strategic Collaborations and Industry Validation

Compugen's partnerships with pharmaceutical giants like Gilead and AstraZeneca underscore the industry's recognition of its innovative capabilities. These collaborations not only provide financial stability through milestone payments and royalties but also validate the scientific rigor of its computational platform. For instance, AstraZeneca's advancement of rilvegostomig into multiple Phase 3 trials highlights the clinical potential of Compugen's discoveries.

Market Position and Competitive Advantage

Compugen stands out in the competitive biotech landscape due to its computational-first approach, which reduces the time and cost of drug discovery. Unlike traditional methods, its platform-driven strategy allows for the rapid identification of novel targets and mechanisms of action, providing a significant edge in the fast-evolving field of immuno-oncology.

Challenges and Future Outlook

While Compugen's innovative approach offers significant advantages, the company faces challenges typical of clinical-stage biotechs, including the inherent risks of drug development and dependence on external partnerships for commercialization. However, its robust pipeline, strategic collaborations, and financial runway into 2027 position it well for sustained growth and innovation.

Conclusion

Compugen Ltd. is redefining cancer immunotherapy through its computational discovery capabilities and innovative pipeline. With a strong focus on addressing unmet medical needs, the company is poised to make a lasting impact on the oncology landscape. Its unique blend of predictive science, clinical expertise, and strategic partnerships ensures a promising future in the fight against cancer.

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Compugen Ltd. (Nasdaq: CGEN) to present data on its immuno-oncology pipeline at the AACR annual meeting, showcasing progress in addressing immunotherapy resistance through novel targets and therapies.
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Compugen Ltd. reported positive financial results for Q4 and full year 2023, highlighted by a partnership with Gilead for a preclinical immuno-oncology program. The company's strong balance sheet and extended cash runway bode well for future growth, with upcoming milestones in 2024. Financially, Compugen saw a significant increase in revenues, with a healthy cash position and no debt. However, research and development expenses rose, leading to a net loss for the year.
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Compugen Ltd. (CGEN) to participate in a fireside chat at Leerink Partners Global Biopharma Conference. The event will take place on March 11, 2024, in Miami Beach, Florida, at 11:20 AM ET. A live webcast and replay will be accessible on Compugen's website.
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Compugen Ltd. announced the release of its fourth quarter and full year 2023 financial results on March 5, 2024. The company, known for its computational target discovery in cancer immunotherapy, will host a conference call to discuss the results and provide a corporate update.
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Compugen Ltd. appoints Michelle Mahler, M.D., as Chief Medical Officer, effective March 1, 2024, succeeding Henry Adewoye, M.D. Michelle brings extensive clinical development experience to lead the advancement of cancer immunotherapy programs, including the COM503 Phase 1 study partnered with Gilead Sciences. Henry's departure marks the end of his 6-year tenure with Compugen.
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Compugen Ltd. (Nasdaq: CGEN) (TASE: CGEN) is entitled to receive a $10 million milestone payment from AstraZeneca (LSE/STO/Nasdaq: AZN) after the first patient was dosed in AstraZeneca's ARTEMIDE-Bil01 trial with rilvegostomig, a PD-1/TIGIT bispecific antibody where the TIGIT component is derived from Compugen's clinical-stage anti-TIGIT antibody, COM902.
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Compugen Ltd. (Nasdaq: CGEN) (TASE: CGEN) has announced that it has regained compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rule 5550(a)(2). The company received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC, confirming that it evidenced a closing bid price at or greater than $1.00 per ordinary share for the last 10 consecutive business days from December 19, 2023, to January 3, 2024.
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Compugen Ltd. (Nasdaq: CGEN) (TASE: CGEN) to receive $10 million milestone payment from AstraZeneca for dosing the first patient in Phase 3 trial of rilvegostomig, a PD-1/TIGIT bispecific antibody
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Compugen Ltd. (Nasdaq: CGEN) (TASE: CGEN) announced a conference call to discuss the exclusive license agreement with Gilead for the development and commercialization of its anti-IL-18 binding protein program, including COM503, a potential first-in-class high affinity antibody targeting IL-18 binding protein with the potential to treat multiple tumor types.
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Gilead Sciences, Inc. (Nasdaq: GILD) announced an exclusive licensing agreement with Compugen Ltd. (Nasdaq: CGEN) for a pre-clinical antibody program against IL-18 binding protein, including the COM503 drug candidate. The deal involves a $60 million upfront payment and $30 million milestone payment with a total deal value of up to $848 million.
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FAQ

What is the current stock price of Compugen (CGEN)?

The current stock price of Compugen (CGEN) is $1.68 as of March 4, 2025.

What is the market cap of Compugen (CGEN)?

The market cap of Compugen (CGEN) is approximately 208.6M.

What is Compugen's core business focus?

Compugen focuses on utilizing computational biology to discover novel drug targets and develop cancer immunotherapies.

How does Compugen generate revenue?

Compugen generates revenue through milestone payments, royalties, and licensing agreements with pharmaceutical partners like Gilead and AstraZeneca.

What is the Unigen™ platform?

Unigen™ is Compugen's AI/ML-powered computational discovery platform that integrates multi-omics data to identify novel drug targets and accelerate cancer immunotherapy development.

What are Compugen's key therapeutic candidates?

Compugen's key candidates include COM701 (anti-PVRIG), COM902 (anti-TIGIT), and COM503 (anti-IL-18 binding protein), each targeting unique immune resistance mechanisms in cancer.

Who are Compugen's major partners?

Compugen collaborates with leading pharmaceutical companies like Gilead Sciences and AstraZeneca, leveraging their expertise for clinical development and commercialization.

What differentiates Compugen from other biotech companies?

Compugen's computational-first approach, powered by its Unigen™ platform, enables rapid and cost-effective discovery of novel drug targets, setting it apart in the biotech industry.

What is rilvegostomig, and how is it related to Compugen?

Rilvegostomig is a PD-1/TIGIT bispecific antibody developed by AstraZeneca, with its TIGIT component derived from Compugen's COM902 program.

What are the risks associated with Compugen's business model?

Compugen faces typical clinical-stage biotech risks, including drug development uncertainties and reliance on partnerships for commercialization.

What is the significance of the COM503 program?

COM503, licensed to Gilead, is a first-in-class anti-IL-18 binding protein antibody designed to unleash IL-18's anti-tumor potential within the tumor microenvironment.

What is Compugen's financial outlook?

With a strong cash position and milestone payments from partners, Compugen expects to fund its operations into 2027, supporting its pipeline advancement.
Compugen

Nasdaq:CGEN

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208.62M
87.57M
5.38%
14.97%
1.42%
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