KinasePro

Kinase Chemistry – Just a year and a half behind the times.

R788: Ruh Roh

Posted by kinasepro on April 9, 2009

The saga continues… So there’s some Shareholders alleging inappropriate behavior.  The short of their argument goes something like:

Dec 13, 07: Rigel: R788 is great!

rigl1

Feb 6, 08: Rigel sells 5,000,000 shares at $27

Oct 27, 08 Rigel presents full study details:

rigl2

And now there’s a lawsuit presumably claiming that Rigel didn’t share material data during the December 13 releases and 8k filing that when said data did finally come out, it dropped the stock considerably…

What data? Well… From the Dec. 13 2007 8K filing: rigl6

Which compares to a Nov 2008 Arth & Rheum paper, for which there’s a pretty cool webcast.

rigl3

“…We think the hypertension is from Vegf, that’s the hypothesis going in…” @ 22 min

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