UroGen Pharma Ltd. Ordinary Shares - URGN STOCK NEWS

UroGen Pharma (Nasdaq: URGN) announced the pricing of an underwritten public offering of 5,000,000 ordinary shares at $17.50 per share, alongside pre-funded warrants for 1,142,857 shares at $17.499 per warrant. The gross proceeds are expected to be around $107.5 million before deductions. Underwriters have a 30-day option to buy an additional 921,428 shares. The offering is set to close on June 20, 2024, pending customary conditions. TD Cowen and Guggenheim Securities are joint book-running managers, with Oppenheimer & Co., Ladenburg Thalmann, and H.C. Wainwright & Co. also involved. The offering is based on a shelf registration statement filed with the SEC, effective since November 29, 2022.

UroGen Pharma (Nasdaq: URGN), a biotech firm focused on treating urothelial and specialty cancers, announced the start of an underwritten public offering of its ordinary shares and pre-funded warrants. The offering's completion and terms depend on market conditions. UroGen plans to grant underwriters a 30-day option to buy an additional 15% of the total shares offered, including pre-funded warrants. TD Cowen and Guggenheim Securities will act as joint book-running managers, while Oppenheimer & Co. and Ladenburg Thalmann will serve as lead and co-managers, respectively. The offering is being made under a shelf registration statement filed with the SEC, effective as of November 29, 2022. Copies of related documents can be obtained from TD Securities or Guggenheim Securities.

UroGen Pharma announced that its Phase 3 ENVISION trial for UGN-102, targeting low-grade intermediate-risk non-muscle invasive bladder cancer (LG-IR-NMIBC), achieved an 82.3% duration of response (DOR) at 12 months. The trial showed a complete response (CR) rate of 79.6% at three months. The Kaplan-Meier estimates for DOR at 15 and 18 months were both 80.9%. The safety profile was consistent with previous trials, with common side effects including dysuria, hematuria, and urinary tract infection. UroGen has initiated a New Drug Application (NDA) to the FDA, aiming for a decision by Q1 2025. A virtual event discussing these results is scheduled for today at 11:00 AM ET.

UroGen Pharma (Nasdaq: URGN) has announced the grant of inducement restricted stock units (RSUs) and an option to 15 new employees, including Chief Commercial Officer David Lin. Up to 52,500 shares will be issued upon vesting for 14 employees, and up to 13,041 shares plus 71,942 shares upon the exercise of an option will be issued for Lin. RSUs and options vest over three years, contingent on continued employment. The exercise price for the option is set at $13.13, the closing price on June 3, 2024. These grants are under UroGen's 2019 Inducement Plan, following Nasdaq Listing Rule 5635(c)(4), to support the commercialization of Jelmyto and pipeline development.

UroGen Pharma (Nasdaq: URGN) will host a virtual event on June 13, 2024, at 11:00 a.m. ET, to present the 12-month durability response results from its Phase 3 ENVISION trial. This trial assesses UGN-102 (mitomycin) for intravesical solution in patients with low-grade, intermediate-risk non-muscle invasive bladder cancer (LG-IR-NMIBC). The focus will be on patients who showed a complete response at three months after six weekly doses. The event will include insights from Key Opinion Leaders and a panel discussion. A replay will be available on the company's website after the event.

UroGen Pharma (Nasdaq: URGN) announced its participation in the 45th Annual Goldman Sachs Global Healthcare Conference. The event will occur in Miami, FL, from June 10-13, 2024, and UroGen's management will present on June 11 at 3:20 PM ET. The presentation will be in a fireside chat format. A webcast will be available live and for replay for approximately 90 days on the company's investor relations website.

UroGen Pharma (NASDAQ: URGN) has appointed David Lin as the new Chief Commercial Officer. Lin, who boasts extensive experience from Bristol Myers Squibb and other significant roles in the pharmaceutical industry, will lead UroGen's commercial strategy. His key responsibilities include preparing for the potential launch of UGN-102 and enhancing the commercialization of JELMYTO® (mitomycin). Lin's background includes successful launches of CAR T therapies and global expansion initiatives. Jeff Bova, the former CCO, will step down on June 3 to pursue new opportunities.

UroGen Pharma (Nasdaq: URGN), a biotech firm focused on urothelial and specialty cancers, will participate in a virtual fireside chat at the TD Cowen 5th Annual Oncology Innovation Summit. The event is scheduled for May 28, 2024, at 3:20 PM ET. Investors can access a live webcast through the company's website. This event presents an opportunity for UroGen to discuss its innovative cancer treatments and engage with stakeholders.

UroGen Pharma announced ENVISION study data, JELMYTO durability results, and financials for Q1 2024. JELMYTO net sales grew to $18.8 million, IND accepted for UGN-103, and UGN-102 NDA expected in Q3 2024. JELMYTO post-hoc analysis showed a median disease-free period of 47.8 months in LG-UTUC. UroGen also entered a licensing agreement for next-gen mitomycin-based UGN-103 to treat urothelial cancers.