topstockalerts
Nov 7, 2:51 AM
CG Oncology reported Q3 2026 results significantly ahead of expectations, with an EPS loss of
$0.64 versus the
$0.83 loss estimated by analysts. Revenue reached approximately
$1.6M, well above the
$550,000 consensus, triggering strong buying interest and pushing shares to an intraday high of
$80.03.
Investor enthusiasm was further supported by several upcoming clinical catalysts. Preliminary Phase 3 PIVOT-006 data evaluating cretostimogene as a monotherapy for intermediate-risk, high-grade non-muscle-invasive bladder cancer (NMIBC) are expected in November. Additional cohort data from BOND-003 and CORE-008 are anticipated in December, while a full BLA submission for BCG-unresponsive NMIBC remains targeted for Q4 2026.
CG Oncology ended the quarter with approximately
$984.5M in cash, sufficient to fund operations through 2029, reducing near-term financing concerns. CEO Arthur Kuan highlighted cretostimogene's potential to become a leading treatment for bladder cancer patients.
$CGON
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