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Here's Why Rigel Pharmaceuticals Jumped Another 17% Today

TheMotleyFool

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Here's Why Rigel Pharmaceuticals Jumped Another 17% TodayPhoto, wide shot, wide-angle lens, Mental health care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ce3b930-5e2a-4215-b686-0ad0eb0b922a.png

Shares of Rigel Pharmaceuticals (NASDAQ: RIGL) closed up 17% on Thursday as investors further digested the company's update on Wednesday.

The business update, as the company called it, had a bit of everything.

Rigel disclosed preliminary third-quarter sales of $11.7 million for Tavalisse, its treatment for a blood disorder called chronic immune thrombocytopenia (ITP). That sales number represented a 15% increase over the second quarter. Rigel estimates that the U.S. ITP market is about $1 billion, so it has plenty of potential for further growth.

Source Fool.com

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