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CG Oncology Priced, Nasdaq: CGON

Phase 3 biotech developing an oncolytic immunotherapy for bladder cancer.

Industry: Health Care

Latest Trade: $28.67 0.00 (0.0%)

First Day Return: +95.6%

Return from IPO: +50.9%

Industry: Health Care

We are a late-stage clinical biopharmaceutical company focused on developing and commercializing a potential backbone bladder-sparing therapeutic for patients afflicted with bladder cancer. Our product candidate, cretostimogene, is initially in clinical development for the treatment of patients with high-risk Non-Muscle Invasive Bladder Cancer (NMIBC) who are unresponsive to Bacillus Calmette Guerin (BCG) therapy, the current standard-of-care for high-risk NMIBC. There is significant unmet need for treatments in these patients given the limitations of currently approved therapies and patient reluctance to undergo radical cystectomy, or the complete removal of the bladder. We are evaluating the safety and efficacy of cretostimogene as monotherapy in BOND-003, our ongoing Phase 3 clinical trial in high-risk BCG-unresponsive NMIBC patients. We have completed enrollment for this trial, reported interim data in November 2023 and expect to report topline data by the end of 2024. If successful, we believe that this trial could serve as the basis for a Biologics License Application (BLA) submission to the U.S. Food and Drug Administration (FDA). We are also evaluating the use of cretostimogene when administered to this same patient population in combination with FDA-approved pembrolizumab in CORE-001, our ongoing Phase 2 clinical trial.
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IPO Data
IPO File Date 01/02/2024
Offer Price $19.00
Price Range $16.00 - $18.00
Offer Shares (mm) 20.0
Deal Size ($mm) $380
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/24/2024
Offer Price $19.00
Price Range $16.00 - $18.00
Offer Shares (mm) 20.0
Deal Size ($mm) $380
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
Goldman Sachs
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Company Data
Headquarters Irvine, CA, United States
Founded 2010
Employees at IPO 61
Website cgoncology.com

CG Oncology (CGON) Performance