NIH launches trial of Rigel drug for severe COVID-19

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Rigel Pharmaceuticals (RIGL) COVID-19 Treatment Could Be Potential Catalyst - BMO

September 17, 2020 10:04 AM EDT

BMO Capital analyst Do Kim reiterated an Outperform rating and $8.00 price target on Rigel Pharmaceuticals (NASDAQ: RIGL) after the NIH initiated a Phase 2 study evaluating Tavalisse in hospitalized COVID-19 patients. Patients will receive treatment for 14 days and have a 60-day follow-up period.

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