Leadership Transition and Strategic Vision
Anat Cohen-Dayag announced her transition to Executive Chair, with Eran Ophir taking over as CEO. This change aims to build on a robust foundation and ensure growth, with a cash runway secured until 2027.
Advancements in Clinical Trials
Initiation of a sub-trial for COM701 in ovarian cancer, targeting an unmet medical need. This is part of a broader strategy to advance immuno-oncology pipeline.
Strategic Collaborations with AstraZeneca
AstraZeneca's initiation of multiple Phase 3 trials using the TIGIT component derived from COM902, with potential for substantial commercial opportunity and future milestone payments and royalties for Compugen.
Solid Financial Position
Compugen reported a strong balance sheet with approximately $103.7 million in cash and no debt, supporting operations into 2027.