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Rigel Announces Departure of Chief Financial Officer

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2.7 from 9 votes
Friday, December 15, 2017

SOUTH SAN FRANCISCO, Calif. - Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) announced the resignation of Ryan Maynard, executive vice president and chief financial officer, effective December 31, 2017. Nelson Cabatuan, Rigel's vice president, finance will serve as the company's interim principal accounting officer.

"On behalf of the entire company, I want to thank Ryan for his significant contributions during his sixteen years at Rigel. We are grateful for his leadership and the opportunity to continue our relationship with him as he serves in a consultancy role during this changeover," stated Raul Rodriguez, president and chief executive officer of Rigel. "Given the recent financing, I believe Rigel has the financial resources to successfully prepare for the potential launch of fostamatinib for ITP, making the timing right for this transition."

The Company has initiated an external search for its next chief financial officer who is expected to have significant commercial experience.

About Rigel (www.rigel.com)
Rigel Pharmaceuticals, Inc. is a biotechnology company dedicated to discovering, developing and providing novel small molecule drugs that significantly improve the lives of patients with immune and hematological disorders, cancer and rare diseases. Rigel's pioneering research focuses on signaling pathways that are critical to disease mechanisms. The company's current clinical programs include clinical trials of fostamatinib, an oral spleen tyrosine kinase (SYK) inhibitor, in a number of indications. Rigel has submitted and the FDA has accepted for review, an NDA for fostamatinib in patients with chronic or persistent immune thrombocytopenia (ITP). In addition, Rigel has product candidates in development with partners BerGenBio AS, Daiichi Sankyo and Aclaris Therapeutics.

Contact:

Raul Rodriguez
Phone: 650.624.1302
Email: invrel@rigel.com

Media Contact: Jessica Daitch
Phone: 917.816.6712
Email: jessica.daitch@inventivhealth.com

 

Source: Rigel Pharmaceuticals Inc.
2.66666666667
2.7 from 9 votes
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