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02/27/14 - $4,700
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compugen ltd (CGEN) Details

Compugen Ltd., a therapeutic product discovery company, is engaged in the research, development, and commercialization of therapeutic and diagnostic biomarker product candidates primarily in the United States, Europe, and Israel. It focuses on the therapeutic proteins and monoclonal antibodies to address unmet needs in the fields of immunology and oncology. The company’s therapeutic proteins pipeline includes CGEN-15001, CGEN-15021, CGEN-15091, CGEN-15031, and CGEN-15051 fusion protein candidates for the treatment of autoimmune diseases and inflammatory conditions, such as multiple sclerosis and rheumatoid arthritis. Its monoclonal antibody therapy product candidates include CGEN-15001T, CGEN-15022, and CGEN-15049; and CGEN-671, a novel antibody-drug conjugate. Compugen Ltd. was incorporated in 1993 and is headquartered in Tel Aviv, Israel.

Founded in 1993

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compugen ltd (CGEN) Key Developments

Felix Karim Joins Compugen as Vice President Corporate & Business Development, Effective March 2, 2015

Compugen Ltd. announced the appointment of Dr. Felix Karim as Vice President Corporate & Business Development, effective March 2, 2015. Dr. Karim, who will be based at Compugen's South San Francisco facilities, will report to Dr. Anat Cohen-Dayag, Compugen's President and Chief Executive Officer, and will have direct responsibility for the company's business development strategy and its execution. Dr. Karim has significant experience in the biopharmaceutical industry and has held various executive roles in business development and R&D management. His most recent position prior to joining Compugen was Head of External R&D (licensing) for the San Francisco region at Amgen.

Compugen Ltd. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Compugen Ltd. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net loss for of $1.5 million, or $0.03 per basic and diluted share, compared with a net loss of $2.9 million, or $0.09 per diluted share, in the comparable period of 2013. The company posted revenues for the fourth quarter of 2014 of $6.6 million compared with $1.8 million in the comparable period of 2013. The increase in revenues is attributable to the milestone payments in the amount of $7.2 million and the relevant portion of the non-refundable upfront payment, both relating to the August 2013 collaboration and license agreement with Bayer HealthCare. Operating loss was $1.12 million against $3.96 million a year ago. Net loss before taxes was $1.18 million against $2.58 million a year ago. For the year, the company reported revenues of $12.37 million against $3.5 million a year ago. Operating loss was $12.34 million against $17.04 million a year ago. Net loss before taxes was $10.73 million against $13.58 million a year ago. Net loss was $11.09 million or $0.23 basic and diluted per share against $14.08 million or $0.36 basic and diluted per share a year ago.

Compugen Ltd. to Report Q4, 2014 Results on Feb 10, 2015

Compugen Ltd. announced that they will report Q4, 2014 results at 10:00 AM, US Eastern Standard Time on Feb 10, 2015


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