Aug. 11 at 5:30 PM
H.C. Wainwright⬇️
$URGN's PT to
$40 from
$50, reiterated at a Buy and said, "we still believe that UroGen could reach cash flow-positive status in 2H26," after late last week the Co. reported its 2Q25 financial results.
$JNJ $MRK
H.C. Wainwright additionally said:
The company recorded 2Q25 top-line revenue totaling
$24.2M, missing our forecast of
$25.9M. We note, however, that investors are likely looking past the historical track record with the firm's first marketed product, JELMYTO (mitomycin C pyelocalceal solution for treatment of upper tract urothelial carcinoma, or UTUC), and ahead to the commercial rollout of ZUSDURI (formerly UGN-102, mitomycin C intravesical solution) in low-grade, intermediate-risk non-muscle-invasive bladder cancer (LG-IR-NMIBC). Year-over-year revenue growth of 11% for JELMYTO was driven by underlying demand growth of 7% and price favorability.
H.C. Wainwright went on to say: