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Compugen - CGEN STOCK NEWS

Welcome to our dedicated page for Compugen news (Ticker: CGEN), a resource for investors and traders seeking the latest updates and insights on Compugen stock.

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.

Rhea-AI Summary
Compugen Ltd. announced the progress of rilvegostomig, AstraZeneca's PD-1/TIGIT bi-specific derived from Compugen's COM902, into Phase 3 as adjuvant therapy for biliary tract cancer. Enrollment was completed in a proof-of-concept study for metastatic colorectal cancer. The company presented new clinical data at SITC 2023, reinforcing the anti-tumor activity of COM701 and initial data suggesting PVRL2 as a potential biomarker. Pre-clinical data also highlighted the potential of COM503's antibody approach to treat cancer. Financial results showed cash, cash equivalents, and cash investments of approximately $57.5 million as of September 30, 2023, expected to fund operations through the end of 2024.
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Compugen Ltd. announced data presented at the Annual Meeting of the Society for Immunotherapy of Cancer (SITC), reinforcing previous data suggesting COM701 mediated anti-tumor activity in patients typically not responding to immunotherapy. Initial data also showed the association between baseline PVRL2 levels and clinical benefit, suggesting the potential of PVRL2 as a predictive biomarker. The company is continuing to assess this association in an ongoing proof-of-concept study in platinum resistant ovarian cancer.
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Compugen Ltd. received a notification letter from Nasdaq stating that its ordinary shares failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days. The company has 180 calendar days to regain compliance with the Minimum Bid Price Requirement. If compliance is not achieved by May 1, 2024, the company may be eligible for an additional 180-day grace period. If still non-compliant after that, the company's ordinary shares may be subject to delisting from the Nasdaq Capital Market.
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Compugen Ltd. will present new data on its lead pre-clinical asset COM503, a potential first-in-class anti-IL18BP antibody, at the 38th Annual Meeting of the Society for Immunotherapy of Cancer. The data shows that the antibody inhibits tumor growth, increases functional immune cells, and reshapes the tumor microenvironment for a potent anti-tumor immune response. The company's approach has a better therapeutic window compared to engineered cytokines.
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Compugen Ltd. will release its Q3 2023 financial results on November 7, 2023, and provide a corporate update. Management will discuss data presented at the Annual Meeting of the Society for Immunotherapy of Cancer.
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Compugen Ltd. to present innovative single-cell approaches and high resolution single cell spatial transcriptomics data at Single Cell Genomics 2023 meeting. The data will provide a deeper understanding of PVRIG's unique biology and rationale for targeting PVRIG in tumors not responding to immunotherapy.
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Compugen Ltd. has been granted a patent in Japan for treating cancer with a triple combination of antibodies. The patent strengthens Compugen's position in blocking three pathways of the DNAM-1 axis. The company is executing a clinical strategy to evaluate the benefit of its triple immunotherapy combination to treat cancer patients.
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Compugen to present new clinical and pre-clinical data at SITC Annual Meeting, supporting its vision to extend cancer immunotherapies to new patient populations.
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Compugen Ltd. to present virtually at the H.C. Wainwright 25th Annual Global Investment Conference. The presentation will be available on demand on the company's website from September 11, 2023, for 30 days.
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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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CGEN Stock Data

208.62M
87.57M
5.38%
14.97%
1.42%
Biotechnology
Healthcare
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Israel
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