By Nicholas G. Miller
Shares of Compugen rose after the company agreed to monetize a portion of future royalties from its rilvegostomig drug to AstraZeneca for up to $90 million.
The stock rose 12% to $1.67 in premarket trading Wednesday.
The company said the deal includes a $65 million upfront payment and a potential additional $25 million upon the next milestone payment on biologics license application acceptance. The deal extends Compugen's cash runway into 2029.
Compugen will retain the majority of its future royalties and remain eligible for royalties of up to mid-single digits on future sales and potential future regulatory and commercial milestones of up to $195 million.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
December 17, 2025 07:47 ET (12:47 GMT)
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