May. 19 at 11:41 AM
$CGEN
Compugen reported its Q1 2025 financial results and corporate updates.
The company initiated a platform trial of COM701 maintenance therapy for platinum-sensitive ovarian cancer patients and continues recruitment for GS-0321 Phase 1 trial.
Partner AstraZeneca expanded their rilvegostomig program to ten Phase 3 trials across various cancers.
Financially, Compugen reported
$103.7 million in cash with runway into 2027,
$2.3 million in revenues, and a net loss of
$7.2 million (
$0.08 per share) for Q1 2025.
The company announced key leadership changes effective September 2025, with current CEO Dr. Anat Cohen-Dayag becoming Executive Chair and CSO Dr. Eran Ophir assuming the CEO position.