SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                ----------------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

                                ----------------

  INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b), (c) AND
          (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 UNDER THE
                         SECURITIES EXCHANGE ACT OF 1934

                           RIGEL PHARMACEUTICALS, INC.
                                (Name of Issuer)

                         COMMON STOCK, PAR VALUE $0.001
                         (Title of Class of Securities)

                                    766559603
                                 (CUSIP Number)

                                December 14, 2007
             (Date of Event Which Requires Filing of this Statement)

      Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

      [  ] Rule 13d-1(b)

      [X]  Rule 13d-1(c)

      [  ] Rule 13d-1(d)

-----------

      * The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

      The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 (the "Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).





Schedule 13G
CUSIP No. 766559603                                                PAGE 2 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Davidson Kempner Partners
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                      New York
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  57,282
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  57,282
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  57,282
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  0.2%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON PN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 3 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Davidson Kempner Institutional Partners, L.P.
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                      Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  105,883
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  105,883
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  105,883
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  0.3%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  PN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 4 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      M. H. Davidson & Co.
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                     New York
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  6,943
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  6,943
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  6,943
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  0.0%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  PN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 5 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Davidson Kempner International, Ltd.
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       British Virgin Islands
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  203,088
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  203,088
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  203,088
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  0.7%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  CO
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 6 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Serena Limited
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       Cayman Islands
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  3,472
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  3,472
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  3,472
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  0.0%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON CO

------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 7 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Davidson Kempner Healthcare Fund LP
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  560,662
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  560,662
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  560,662
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  1.8%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  PN

------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 8 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Davidson Kempner Healthcare International Ltd.
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       Cayman Islands
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  798,465
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  798,465
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  798,465
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  2.6%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  CO

------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 9 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      MHD Management Co.
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       New York
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  57,282
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  57,282
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  57,282
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  0.2%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  PN

------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 10 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Davidson Kempner Advisers Inc.
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       New York
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  105,883
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  105,883
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  105,883
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  0.3%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  IA

------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 11 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Davidson Kempner International Advisors, L.L.C.
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  206,560
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  206,560
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  206,560
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  0.7%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  OO
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 12 OF 42

-----------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      DK Group LLC
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  560,662
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  560,662
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  560,662
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  1.8%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  OO
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 13 OF 42

-----------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      DK Management Partners LP
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                      Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  798,465
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  798,465
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  798,465
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  2.6%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  PN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 14 OF 42

-----------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      DK Stillwater GP LLC
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                      Delaware
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  798,465
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  798,465
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  798,465
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  2.6%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  OO
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 15 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Thomas L. Kempner, Jr.
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       United States
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  1,735,795
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  1,735,795
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  1,735,795
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  5.6%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 16 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Marvin H. Davidson
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       United States
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  1,735,795
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  1,735,795
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  1,735,795
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  5.6%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  IN

------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 17 OF 42

 ------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Stephen M. Dowicz
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                      United States
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  1,735,795
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  1,735,795
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  1,735,795
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  5.6%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  IN

------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 18 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Scott E. Davidson
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                      United States
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  1,735,795
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  1,735,795
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  1,735,795
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  5.6%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  IN

------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 19 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Michael J. Leffell
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                        United States
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  1,735,795
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  1,735,795
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  1,735,795
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  5.6%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  IN

------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 20 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Timothy I. Levart
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       United Kingdom & United States
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  1,735,795
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  1,735,795
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  1,735,795
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  5.6%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  IN

------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 21 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Robert J. Brivio, Jr.
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       United States
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  1,735,795
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  1,735,795
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  1,735,795
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  5.6%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 22 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Eric P. Epstein
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       United States
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  1,735,795
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  1,735,795
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  1,735,795
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  5.6%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 23 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Anthony A. Yoseloff
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       United States
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  1,735,795
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  1,735,795
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  1,735,795
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  5.6%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  IN

------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 24 OF 42

------------------------------------------------------------------------------
(1)   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Avram Z. Friedman
------------------------------------------------------------------------------
(2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                               (a)  [ ]
                                                               (b)  [X]
------------------------------------------------------------------------------
(3)   SEC USE ONLY
------------------------------------------------------------------------------
(4)   CITIZENSHIP OR PLACE OF ORGANIZATION
                       United States
------------------------------------------------------------------------------

NUMBER OF         (5)   SOLE VOTING POWER
                                  0
SHARES            ____________________________________________________________

BENEFICIALLY      (6)   SHARED VOTING POWER
                                  1,735,795
OWNED BY          ____________________________________________________________

EACH              (7)   SOLE DISPOSITIVE POWER
                                  0
REPORTING         ____________________________________________________________

PERSON WITH       (8)   SHARED DISPOSITIVE POWER
                                  1,735,795
------------------------------------------------------------------------------
      (9)   AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                  1,735,795
------------------------------------------------------------------------------
      (10)  CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES                             [ ]
------------------------------------------------------------------------------
      (11)  PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                  5.6%
------------------------------------------------------------------------------
      (12)  TYPE OF REPORTING PERSON
                                  IN
------------------------------------------------------------------------------





Schedule 13G
CUSIP No. 766559603                                                PAGE 25 OF 42

------------------------------------------------------------------------------

ITEM 1(a).  NAME OF ISSUER:

            Rigel Pharmaceuticals, Inc. (the "Company")

ITEM 1(b).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

            1180 Veterans Boulevard
            South San Francisco, CA 94080

ITEM 2(a).  NAME OF PERSON FILING:

      This Statement is filed by each of the entities and persons listed below,
all of whom together are referred to herein as the "Reporting Persons":

            (i)    Davidson Kempner Partners, a New York limited partnership
                   ("DKP");

            (ii)   Davidson Kempner Institutional Partners, L.P., a Delaware
                   limited partnership ("DKIP");

            (iii)  M. H. Davidson & Co., a New York limited partnership ("CO");

            (iv)   Davidson Kempner International, Ltd., a British Virgin
                   Islands corporation ("DKIL");

            (v)    Serena Limited, a Cayman Islands corporation ("Serena");

            (vi)   Davidson Kempner Healthcare Fund LP, a Delaware limited
                   partnership ("DKHF");

            (vii)  Davidson Kempner Healthcare International Ltd., a Cayman
                   Islands corporation ("DKHI");

            (viii) MHD Management Co., a New York limited partnership and the
                   general partner of DKP ("MHD");

            (ix)   Davidson Kempner Advisers Inc., a New York corporation and
                   the general partner of DKIP ("DKAI"), which is registered as
                   an investment adviser with the U.S. Securities and Exchange
                   Commission;

            (x)    Davidson Kempner International Advisors, L.L.C., a Delaware
                   limited liability company and the manager of DKIL and Serena
                   ("DKIA");

            (xi)   DK Group LLC, a Delaware limited liability company and the
                   general partner of DKHF ("DKG");

            (xii)  DK Management Partners LP, a Delaware limited partnership and
                   the investment manager of DKHI ("DKMP");





Schedule 13G
CUSIP No. 766559603                                                PAGE 26 OF 42

            (xiii) DK Stillwater GP LLC, a Delaware limited liability company
                   and the general partner of DKMP ("DKS"); and

            (xiv)  Messrs. Thomas L. Kempner, Jr., Marvin H. Davidson,
                   Stephen M. Dowicz, Scott E. Davidson, Michael J. Leffell,
                   Timothy I. Levart, Robert J. Brivio, Jr., Anthony A.
                   Yoseloff, Eric P. Epstein and Avram Z. Friedman
                   (collectively, the "Principals"), who are the general
                   partners of CO and MHD, the sole managing members of DKIA and
                   DKG and the sole stockholders of DKAI. Messrs. Thomas L.
                   Kempner, Jr. and Timothy I. Levart are Executive Managing
                   Member and Deputy  Executive Managing Member, respectively,
                   of DKS. Each of Messrs. Kempner and Levart, together with
                   Messrs. Marvin H. Davidson, Stephen M. Dowicz, Scott E.
                   Davidson, Michael J. Leffell, Robert J. Brivio, Jr., Anthony
                   A. Yoseloff, Eric P. Epstein and Avram Z. Friedman are
                   limited partners of DKMP.

ITEM 2(b).  ADDRESS OF PRINCIPAL BUSINESS OFFICE:

      The address of the principal business office of each of the Reporting
Persons is c/o Davidson Kempner Partners, 65 East 55th Street, 19th Floor, New
York, New York 10022.

ITEM 2(c).  CITIZENSHIP:

            (i)     DKP - a New York limited partnership

            (ii)    DKIP - a Delaware limited partnership

            (iii)   CO - a New York limited partnership

            (iv)    DKIL - a British Virgin Islands corporation

            (v)     Serena - a Cayman Islands corporation

            (vi)    DKHF - a Delaware limited partnership

            (vii)   DKHI - a Cayman Islands corporation

            (viii)  MHD - a New York limited partnership

            (ix)    DKAI - a New York corporation

            (x)     DKIA - a Delaware limited liability company

            (xi)    DKG - a Delaware limited liability company

            (xii)   DKMP - a Delaware limited partnership

            (xiii)  DKS - a Delaware limited liability company

            (xiv)   Thomas L. Kempner, Jr. - United States





Schedule 13G
CUSIP No. 766559603                                                PAGE 27 OF 42

            (xv)    Marvin H. Davidson - United States

            (xvi)   Stephen M. Dowicz - United States

            (xvii)  Scott E. Davidson -United States

            (xviii) Michael J. Leffell - United States

            (xix)   Timothy I. Levart - United Kingdom & United States

            (xx)    Robert J. Brivio, Jr. - United States

            (xxi)   Eric P. Epstein - United States

            (xxii)  Anthony A. Yoseloff - United States

            (xxiii) Avram Z. Friedman - United States

ITEM 2(d).  TITLE OF CLASS OF SECURITIES:

      COMMON STOCK, PAR VALUE $0.001

ITEM 2(e).  CUSIP NUMBER:

      766559603

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c),
CHECK WHETHER THE PERSON FILING IS A:

            (a)  [ ] Broker or dealer registered under Section 15 of the Act;

            (b)  [ ] Bank as defined in Section 3(a)(6) of the Act;

            (c)  [ ] Insurance Company as defined in Section 3(a)(19) of the
                     Act;

            (d)  [ ] Investment Company registered under Section 8 of the
                     Investment Company Act of 1940;

            (e)  [ ] Investment Adviser registered under Section 203 of the
                     Investment Advisers Act of 1940: see
                     Rule 13d-1(b)(1)(ii)(E);

            (f)  [ ] Employee Benefit Plan, Pension Fund which is subject to
                     the provisions of the Employee Retirement Income Security
                     Act of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F);

            (g)  [ ] Parent Holding Company, in accordance with Rule
                     13d-1(b)(ii)(G);

            (h)  [ ] Savings Associations as defined in Section 3(b) of the
                     Federal Deposit Insurance Act;





Schedule 13G
CUSIP No. 766559603                                                PAGE 28 OF 42

            (i)  [ ] Church Plan that is excluded from the definition of an
                     investment company under Section 3(c)(14) of the Investment
                     Company Act of 1940;

            (j)  [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

ITEM 4.   OWNERSHIP.

      The Principals may be deemed to beneficially own an aggregate 1,735,795
shares as a result of their voting and dispositive power over the 1,735,795
shares beneficially owned by DKP, DKIP, DKIL, Serena, CO, DKHF and DKHI.

      DKIA may be deemed to beneficially own the 203,088 shares beneficially
owned by DKIL and the 3,472 shares beneficially owned by Serena as a result of
its voting and dispositive power over those shares. DKAI may be deemed to
beneficially own the 105,883 shares beneficially owned by DKIP as a result of
its voting and dispositive power over those shares. MHD may be deemed to
beneficially own the 57,282 shares beneficially owned by DKP as a result of its
voting and dispositive power over those shares. DKG may be deemed to
beneficially own the 560,662 shares beneficially owned by DKHF as a result of
its voting and dispositive power over those shares. DKMP and DKS may be deemed
to beneficially own the 798,465 shares beneficially owned by DKHI as a result of
their voting and dispositive power over those shares.

      A. DKP

         (a) Amount beneficially owned: 57,282

         (b) Percent of class: 0.2%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 57,282

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition: 57,282

      B. DKIP
         (a) Amount beneficially owned: 105,883

         (b) Percent of class: 0.3%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 105,883





Schedule 13G
CUSIP No. 766559603                                                PAGE 29 OF 42

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition: 105,883

      C. CO

         (a) Amount beneficially owned: 6,943

         (b) Percent of class: 0.0%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 6,943

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition: 6,943

      D. DKIL

         (a) Amount beneficially owned: 203,088

         (b) Percent of class: 0.7%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 203,088

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition: 203,088

      E.  Serena

         (a) Amount beneficially owned: 3,472

         (b) Percent of class: 0.0%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 3,472

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition: 3,472





Schedule 13G
CUSIP No. 766559603                                                PAGE 30 OF 42

      F. DKHF

         (a) Amount beneficially owned: 560,662

         (b) Percent of class: 1.8%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 560,662

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition: 560,662

      G. DKHI

         (a) Amount beneficially owned: 798,465

         (b) Percent of class: 2.6%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 798,465

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition: 798,465

      H. MHD

         (a) Amount beneficially owned: 57,282

         (b) Percent of class: 0.2%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 57,282

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition: 57,282





Schedule 13G
CUSIP No. 766559603                                                PAGE 31 OF 42

      I. DKAI

         (a) Amount beneficially owned: 105,883

         (b) Percent of class: 0.3%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 105,883

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition: 105,883

      J. DKIA

         (a) Amount beneficially owned: 206,560

         (b) Percent of class: 0.7%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 206,560

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition: 206,560

      K. DKG

         (a) Amount beneficially owned: 560,662

         (b) Percent of class: 1.8%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 560,662

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition: 560,662





Schedule 13G
CUSIP No. 766559603                                                PAGE 32 OF 42

      L. DKMP

         (a) Amount beneficially owned: 798,465

         (b) Percent of class: 2.6%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 798,465

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition: 798,465

      M. DKS

         (a) Amount beneficially owned: 798,465

         (b) Percent of class: 2.6%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 798,465

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition: 798,465

      N. Thomas L. Kempner, Jr.

         (a) Amount beneficially owned: 1,735,795

         (b) Percent of class: 5.6%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 1,735,795

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition:
                   1,735,795





Schedule 13G
CUSIP No. 766559603                                                PAGE 33 OF 42

      O. Marvin H. Davidson

         (a) Amount beneficially owned: 1,735,795

         (b) Percent of class: 5.6%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 1,735,795

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition:
                   1,735,795

      P. Stephen M. Dowicz

         (a) Amount beneficially owned: 1,735,795

         (b) Percent of class: 5.6%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 1,735,795

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition:
                   1,735,795

      Q. Scott E. Davidson

         (a) Amount beneficially owned: 1,735,795

         (b) Percent of class: 5.6%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 1,735,795

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition:
                   1,735,795





Schedule 13G
CUSIP No. 766559603                                                PAGE 34 OF 42

      R. Michael J. Leffell

         (a) Amount beneficially owned. 1,735,795

         (b) Percent of class: 5.6%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 1,735,795

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition:
                   1,735,795

      S. Timothy I. Levart

         (a) Amount beneficially owned: 1,735,795

         (b) Percent of class: 5.6%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 1,735,795

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition:
                   1,735,795

      T. Robert J. Brivio, Jr.

         (a) Amount beneficially owned: 1,735,795

         (b) Percent of class: 5.6%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 1,735,795

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition:
                   1,735,795





Schedule 13G
CUSIP No. 766559603                                                PAGE 35 OF 42

      U. Eric P. Epstein

         (a) Amount beneficially owned: 1,735,795

         (b) Percent of class: 5.6%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 1,735,795

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition:
                   1,735,795

      V. Anthony A. Yoseloff

         (a) Amount beneficially owned: 1,735,795

         (b) Percent of class: 5.6%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 1,735,795

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition:
                   1,735,795

      W. Avram Z. Friedman

         (a) Amount beneficially owned: 1,735,795

         (b) Percent of class: 5.6%

         (c) Number of shares as to which such person has:

             (i)   sole power to vote or to direct the vote: 0

             (ii)  shared power to vote or to direct the vote: 1,735,795

             (iii) sole power to dispose or to direct the disposition: 0

             (iv)  shared power to dispose or to direct the disposition:
                   1,735,795





Schedule 13G
CUSIP No. 766559603                                                PAGE 36 OF 42

ITEM 5.     OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

            Not applicable.

ITEM 6.     OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

      The partners, members or stockholders of each of the Reporting Persons,
including the Principals, have the right to participate in the receipt of
dividends from, or proceeds from the sale of, the securities held for the
account of such Reporting Person in accordance with their ownership interests in
such Reporting Person. The Reporting Persons disclaim all beneficial ownership
as affiliates of a registered investment adviser, and, in any case, disclaim
beneficial ownership except as to the extent of their pecuniary interest in the
shares. The Reporting Persons have elected to file Schedule 13G although such
filing may not be required under the Act.

ITEM 7.     IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
            THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

            Not applicable.

ITEM 8.     IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

            See Item 4.

ITEM 9.     NOTICE OF DISSOLUTION OF GROUP.

            Not applicable.

ITEM 10.    CERTIFICATION.  (if filing pursuant to Rule 13d-1(c))

      Each of the Reporting Persons hereby makes the following certification:

      By signing below we certify that, to the best of our knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.





Schedule 13G
CUSIP No. 766559603                                                PAGE 37 OF 42

                                   SIGNATURES

      After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.

DATED:  December 26, 2007               DAVIDSON KEMPNER PARTNERS
                                        By: MHD Management Co.,
                                            its General Partner

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Managing Partner

                                        DAVIDSON KEMPNER INSTITUTIONAL
                                        PARTNERS, L.P.
                                        By: Davidson Kempner Advisers Inc.,
                                        its General Partner

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: President

                                        M.H. DAVIDSON & CO.

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Managing Partner

                                        DAVIDSON KEMPNER INTERNATIONAL, LTD.
                                        By: Davidson Kempner International
                                        Advisors, L.L.C.,
                                        its Investment Manager

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member

                                        SERENA LIMITED
                                        By: Davidson Kempner International
                                        Advisors, L.L.C.,
                                        its Investment Manager

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member





Schedule 13G
CUSIP No. 766559603                                                PAGE 38 OF 42

                                        DAVIDSON KEMPNER HEALTHCARE FUND LP
                                        By:  DK Group LLC,
                                        its General Partner

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member

                                        DAVIDSON KEMPNER HEALTHCARE
                                        INTERNATIONAL LTD.
                                        By:  DK Management Partners LP,
                                        its Investment Manager
                                        By:  DK Stillwater GP LLC, its general
                                        partner

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member

                                        MHD MANAGEMENT CO.

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Managing Partner

                                        DAVIDSON KEMPNER ADVISERS INC.

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: President

                                        DAVIDSON KEMPNER INTERNATIONAL
                                        ADVISORS, L.L.C.

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member

                                        DK GROUP LLC

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member





Schedule 13G
CUSIP No. 766559603                                                PAGE 39 OF 42

                                        DK MANAGEMENT PARTNERS LP
                                        By:  DK Stillwater GP LLC, its general
                                        partner

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member

                                        DK STILLWATER GP LLC

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Thomas L. Kempner, Jr.

                                        /s/ Marvin H. Davidson
                                        --------------------------
                                        Marvin H. Davidson

                                        /s/ Stephen M. Dowicz
                                        --------------------------
                                        Stephen M. Dowicz

                                        /s/ Scott E. Davidson
                                        --------------------------
                                        Scott E. Davidson

                                        /s/ Michael J. Leffell
                                        --------------------------
                                        Michael J. Leffell

                                        /s/ Timothy I. Levart
                                        --------------------------
                                        Timothy I. Levart

                                        /s/ Robert J. Brivio, Jr.
                                        -------------------------
                                        Robert J. Brivio, Jr.

                                        /s/ Eric P. Epstein
                                        --------------------------
                                        Eric P. Epstein

                                        /s/ Anthony A. Yoseloff
                                        --------------------------
                                        Anthony A. Yoseloff

                                        /s/ Avram Z. Friedman
                                        --------------------------
                                        Avram Z. Friedman





Schedule 13G
CUSIP No. 766559603                                                PAGE 40 OF 42

                                    EXHIBIT 1

                           JOINT ACQUISITION STATEMENT

                            PURSUANT TO RULE 13d-1(k)

      The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G, shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.

DATED:  December 26, 2007               DAVIDSON KEMPNER PARTNERS
                                        By: MHD Management Co.,
                                        its General Partner

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Managing Partner

                                        DAVIDSON KEMPNER INSTITUTIONAL
                                        PARTNERS, L.P.
                                        By: Davidson Kempner Advisers Inc.,
                                        its General Partner

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: President

                                        M.H. DAVIDSON & CO.

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Managing Partner

                                        DAVIDSON KEMPNER INTERNATIONAL, LTD.
                                        By: Davidson Kempner International
                                        Advisors, L.L.C.,
                                        its Investment Manager

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member





Schedule 13G
CUSIP No. 766559603                                                PAGE 41 OF 42

                                        SERENA LIMITED
                                        By: Davidson Kempner International
                                        Advisors, L.L.C.,
                                        its Investment Manager

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member

                                        DAVIDSON KEMPNER HEALTHCARE FUND LP
                                        By:  DK Group LLC,
                                        its General Partner

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member

                                        DAVIDSON KEMPNER HEALTHCARE
                                        INTERNATIONAL LTD.
                                        By:  DK Management Partners LP,
                                        its Investment Manager
                                        By:  DK Stillwater GP LLC, its general
                                        partner

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member

                                        MHD MANAGEMENT CO.

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Managing Partner

                                        DAVIDSON KEMPNER ADVISERS INC.

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: President

                                        DAVIDSON KEMPNER INTERNATIONAL
                                        ADVISORS, L.L.C.

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member





Schedule 13G
CUSIP No. 766559603                                                PAGE 42 OF 42

                                        DK GROUP LLC

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member

                                        DK MANAGEMENT PARTNERS LP
                                        By:  DK Stillwater GP LLC, its general
                                        partner

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member

                                        DK STILLWATER GP LLC

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Name:  Thomas L. Kempner, Jr.
                                        Title: Executive Managing Member

                                        /s/ Thomas L. Kempner, Jr.
                                        --------------------------
                                        Thomas L. Kempner, Jr.

                                        /s/ Marvin H. Davidson
                                        --------------------------
                                        Marvin H. Davidson

                                        /s/ Stephen M. Dowicz
                                        --------------------------
                                        Stephen M. Dowicz

                                        /s/ Scott E. Davidson
                                        --------------------------
                                        Scott E. Davidson

                                        /s/ Michael J. Leffell
                                        --------------------------
                                        Michael J. Leffell

                                        /s/ Timothy I. Levart
                                        --------------------------
                                        Timothy I. Levart

                                        /s/ Robert J. Brivio, Jr.
                                        -------------------------
                                        Robert J. Brivio, Jr.

                                        /s/ Eric P. Epstein
                                        --------------------------
                                        Eric P. Epstein

                                        /s/ Anthony A. Yoseloff
                                        --------------------------
                                        Anthony A. Yoseloff

                                        /s/ Avram Z. Friedman
                                        --------------------------
                                        Avram Z. Friedman