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CG Oncology Inc’s stock reached a new 52-week high of $40.49, marking a significant milestone for the company. According to InvestingPro data, the stock has shown remarkable momentum with a 59.6% surge over the past six months. This achievement underscores a positive trend for CG Oncology, with the stock showing a 36.3% gain year-to-date. While the upward trajectory reflects investor confidence, InvestingPro analysis indicates the stock may be overvalued at current levels, with analyst price targets ranging from $47 to $90. As CG Oncology continues to develop and expand its market presence, reaching this 52-week high could signal further growth opportunities ahead. Discover 13 additional exclusive InvestingPro Tips and comprehensive analysis in our detailed Pro Research Report, helping you make more informed investment decisions.
In other recent news, CG Oncology has reported significant developments in its cancer treatment efforts. The company announced updated data from its Phase 3 BOND-003 Cohort C trial, revealing a 41.8% complete response rate at 24 months for its cretostimogene monotherapy in patients with high-risk non-muscle invasive bladder cancer unresponsive to BCG treatment. This data, showing that 46 out of 110 patients maintained a complete response, highlights the durability of the treatment, with 90% of 12-month responders remaining disease-free at 24 months.
In addition to these clinical results, H.C. Wainwright has reiterated a Buy rating on CG Oncology, maintaining a price target of $75.00, citing the strong clinical data. Another firm, Jones Trading, has initiated coverage of CG Oncology with a Buy rating and a price target of $50.00, focusing on the company’s development of cretostimogene for bladder cancer. Moreover, H.C. Wainwright addressed questions regarding the pricing of Johnson & Johnson’s Inlexzo, which could impact CG Oncology’s cretostimogene therapy. These recent developments continue to shape investor perspectives on CG Oncology’s potential in the oncology sector.
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