Login

ARQULE INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2019 10-Q, filed Oct 30, 2019. Its latest SEC filing is a SC 13G/A from Feb 17, 2021.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Develops small-molecule drug candidates for people with cancer and rare diseases, targeting groups identified by biological markers.

Who Were Their Customers?

Pharmaceutical and biotechnology companies, research institutions, and independent investigators work with ArQule through collaborations; it also licenses drug candidates to development partners.

Customers above 10% of revenue, FY2018
of revenue from two customers (72%, 23%)
FY2016: 100% from two customers

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q3 FY2019, the three months to Sep 30, 2019
Revenue
▼ −96%
vs $5M in Q3 FY2018
Net income
▲ +91% (Loss)
vs −$5.6M in Q3 FY2018
  • Jan 16, 2020 Merck completed its acquisition of ArQule Merck acquired control of ArQule in the merger, and ArQule's shares were delisted from Nasdaq.
  • Dec 9, 2019 ArQule agreed to merge with Merck Each eligible share was to be converted into a right to receive $20.00 in cash.
  • Oct 30, 2019 ArQule issued 2019 revenue and net-loss guidance It expected revenue of $2 to $5 million and a net loss of $40 to $43 million for the year.
  • Mar 15, 2019 ArQule's CFO retired and a new CFO was appointed Robert Weiskopf retired as CFO, and Marc Schegerin became CFO.

Pipeline focus The older report centered its business overview on tivantinib and worldwide development partners; the latest describes BTK and AKT drug candidates and derazantinib, with derazantinib licensed to development partners.

Who Did They Compete With?

Competes with AbbVie, Amgen, Astellas Pharma, Array BioPharma, AstraZeneca, Celgene, Curis, Exelixis, Eli Lilly, Gilead Sciences, GlaxoSmithKline, Incyte, Infinity Pharmaceuticals, Johnson and Johnson, Merck, Merck KGaA, Novartis, Pfizer, Principia Biopharma, and Roche Group

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support