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Rigel Appoints Mark W. Frohlich, M.D. to Board of Directors

Key Takeaway: Rigel Pharmaceuticals has appointed Mark W. Frohlich, M.D. to its Board of Directors. Dr. Frohlich, a seasoned medical oncologist with extensive experience in developing cellular immunotherapies, will assist in advancing Rigel's hematology and oncology development pipeline. He previously held significant roles in various biotechnology firms, including Juno Therapeutics and Dendreon Corporation. His appointment is seen as a strategic move to leverage his expertise in enhancing Rigel's therapeutic offerings.
Price reaction · baseline $20.52 (2025-03-07 close) · clean, no other RIGL news in the window
day 0 close · peak
-4.8%

Market Sentiment Analysis

POSITIVE FACTORS

  • Mark W. Frohlich, M.D. brings over 25 years of experience in clinical drug development.
  • His expertise in cellular immunotherapies is a significant asset to Rigel's pipeline.
  • The appointment is expected to support Rigel's growth in the oncology sector.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+9%
120-day peak, hindsight
Typical move
12.1%
average across 2 past catalysts
Lead asset
Fostamatinib
Phase 2 · Acute Respiratory Distress Syndrome

Full Press Release Details

SOUTH SAN FRANCISCO, Calif., March 10, 2025 /PRNewswire/ -- Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) today announced that it has appointed Mark W. Frohlich, M.D. to its Board of Directors. Dr. Frohlich is a medical oncologist and brings more than 25 years of experience developing cellular immunotherapies to treat cancer, including deep expertise in clinical drug development and translational research, and portfolio strategy.
"We are pleased to have Mark join our Board," said Raul Rodriguez, Rigel's president and CEO. "His experience in clinical development, translational research and portfolio strategy will be a valuable addition to Rigel as we advance our hematology and oncology development pipeline and grow our portfolio."
Dr. Frohlich currently serves as chief executive officer of Indapta Therapeutics, a privately-held biotechnology company focused on developing and bringing to market allogenic natural killer cell therapies to treat the still unmet medical needs of patients with cancer as well as autoimmune diseases. Prior to joining Indapta, Dr. Frohlich served as a consultant and strategic advisor for several immuno-oncology biotechnology companies. Before that, he led portfolio strategy at Juno Therapeutics, which developed the FDA-approved CAR T-cell therapy Breyanzi® for large B-cell lymphoma, until the company was sold to Celgene, now part of Bristol Myers Squibb. Prior to joining Juno, he held various roles at Dendreon Corporation, a pioneer in the development of cellular immunotherapy, with his most recent role being chief medical officer and executive vice president of Research & Development. At Dendreon, he led the clinical team responsible for the development and U.S. and European regulatory approval of PROVENGE®, one of the first commercially available cancer immunotherapies.
Prior to joining Dendreon, Dr. Frolich was an assistant adjunct professor of hematology/oncology at the University of California, San Francisco (UCSF), where he specialized in urologic oncology and conducted laboratory, translational and clinical research. Dr. Frohlich earned a B.S. in Electrical Engineering and Economics from Yale College and an M.D. from Harvard Medical School. At UCSF, he served as chief resident in medicine and completed a fellowship in hematology/oncology and a Howard Hughes postdoctoral fellowship.
"I am excited to join Rigel as it continues to advance its development pipeline," said Dr. Frohlich. "I believe the IRAK1/4 and IDH1 inhibitor programs have a significant potential to benefit patients with lower-risk myelodysplastic syndrome and glioma, respectively. I look forward to collaborating with the team as we further study these product candidates with the goal of bringing them to patients that need new treatment options."
Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) is a biotechnology company dedicated to discovering, developing and providing novel therapies that significantly improve the lives of patients with hematologic disorders and cancer. Founded in 1996, Rigel is based in South San Francisco, California. For more information on Rigel, the Company's marketed products and pipeline of potential products, visit www.rigel.com.
Contact for Investors & Media:
Rigel Pharmaceuticals, Inc.

Frequently Asked Questions

Who is Mark W. Frohlich, M.D.?

Mark W. Frohlich, M.D. is a medical oncologist with over 25 years of experience.

What is Dr. Frohlich's role at Indapta Therapeutics?

He serves as the CEO, focusing on allogenic natural killer cell therapies.

What are Rigel's main development focuses?

Rigel focuses on hematology and oncology development pipelines.

What specific programs did Dr. Frohlich highlight?

He mentioned IRAK1/4 and IDH1 inhibitor programs for treating specific cancers.

When was Rigel Pharmaceuticals founded?

Rigel Pharmaceuticals was founded in 1996.

Last updated: Mar 10, 2025