CG Oncology, Inc. ( (CGON) ) has released its Q2 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 therapeutics for bladder cancer patients.
In its second quarter 2025 financial report, CG Oncology highlighted significant clinical trial progress and a favorable legal outcome, positioning the company for future growth.
Key highlights from the report include the announcement of best-in-disease durability data from the BOND-003 Cohort C trial and promising early signals in Cohort P for their lead candidate, cretostimogene grenadenorepvec. Additionally, the company initiated the CORE-008 Cohort CX trial and secured a unanimous legal verdict, freeing it from future royalty payments to ANI Pharmaceuticals. Financially, CG Oncology reported a net loss of $41.4 million, with increased R&D and G&A expenses reflecting expanded clinical activities and legal costs.
Looking ahead, CG Oncology plans to submit a Biologics License Application for cretostimogene in the fourth quarter of 2025, aiming to advance its therapeutic pipeline and enhance treatment options for bladder cancer patients.