Compugen Ltd., an Israeli-based company established in 1993 and headquartered in Holon, is a clinical-stage enterprise focused on the discovery, development, and commercialization of therapeutic and product candidates. Its operations extend across Israel, the United States, and Europe. The company’s core activities center around its immuno-oncology pipeline, which includes several investigational treatments: COM701, an anti-PVRIG antibody currently undergoing Phase I clinical studies for solid tumors. COM902, a therapeutic antibody designed to target TIGIT, which is also in Phase I clinical trials as a monotherapy for advanced malignancies. Bapotulimab, an antibody targeting ILDR2, presently in Phase I clinical development for solid tumor indications. AZD2936, an innovative bispecific antibody targeting both TIGIT and PD-1, advancing through Phase I/II clinical studies for patients with advanced or metastatic non-small cell lung cancer. Additionally, Compugen maintains earlier-stage immuno-oncology programs, with a particular emphasis on myeloid targets. To further its research and development, Compugen actively fosters strategic alliances. It has a collaboration agreement with Bayer Pharma AG for the research, development, and commercialization of antibody-based therapeutics that modulate immune checkpoint regulators. Another key partnership is with Bristol-Myers Squibb, aimed at evaluating the safety and tolerability of COM701 when administered alongside Bristol-Myers Squibb's PD-1 immune checkpoint inhibitor, Opdivo, in patients with advanced solid tumors. The company also collaborates with Johns Hopkins School of Medicine to investigate novel T cell and myeloid checkpoint targets, and has a distinct research collaboration with Johns Hopkins University specifically dedicated to myeloid science. Furthermore, Compugen holds a licensing agreement with AstraZeneca for the development of bi-specific and multi-specific immuno-oncology antibody products.
Compugen Reports Second Quarter 2026 Results
Compugen reported Q2 2026 revenue of $2.6 million, doubling from $1.3 million in the prior year, driven by milestone payments from partner Gilead. Net loss narrowed slightly to $7.0 million, or $0.07 per share, while cash, cash equivalents, and investments totaled $125.3 million, providing a runway into 2029.
Operationally, the MAIA-ovarian trial for COM701 remains on track for an interim analysis with median PFS data expected by Q1 2027. Partner AstraZeneca presented the first overall survival readout for rilvegostomig, showing 16.8 months in first-line biliary tract cancer, and initiated an additional Phase 3 trial.
The Gilead-partnered GS-0321 Phase 1 trial is progressing as planned. The company has no debt and continues to advance its immuno-oncology pipeline leveraging its Unigen platform.