CG Oncology, Inc. ( (CGON) ) has released its Q1 earnings. Here is a breakdown of the information CG Oncology, Inc. presented to its investors.
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CG Oncology, Inc. is a late-stage clinical biopharmaceutical company focused on developing innovative bladder-sparing therapies for bladder cancer patients, with a particular emphasis on non-muscle invasive bladder cancer (NMIBC). In its first quarter of 2025, CG Oncology reported significant progress in its clinical trials, particularly the BOND-003 trial, which demonstrated promising results in terms of disease durability and tolerability. The company also initiated a new trial, CORE-008, to evaluate a combination therapy for high-risk patients. Financially, CG Oncology ended the quarter with a strong cash position of $688.4 million, despite an increased net loss of $34.5 million compared to the previous year. This loss was attributed to higher research and development expenses and general administrative costs. Looking ahead, CG Oncology is poised to initiate a Biologics License Application for its cretostimogene monotherapy and anticipates several key milestones in the second half of 2025, signaling continued advancement in its clinical pipeline.