CG Oncology appoints Christina Rossi to its Board of Directors, following Simone Song's resignation.
Quiver AI Summary
CG Oncology, Inc. has announced the appointment of Christina Rossi to its Board of Directors, enhancing its leadership team as it prepares for the potential launch of its therapeutic candidate, cretostimogene, following recent BLA initiation. Rossi brings over 25 years of experience in the pharmaceutical and biotechnology sectors, having held senior positions at Blueprint Medicines and Sanofi Genzyme, where she managed commercial launches and financial performance. This transition comes as Simone Song resigns from the Board after more than a decade of service. CG Oncology continues to focus on developing innovative bladder cancer treatments, with ongoing clinical trials and an Expanded Access Program for cretostimogene, though the investigational therapy has yet to receive FDA approval and its safety and efficacy are still under evaluation.
Potential Positives
- Appointment of Christina Rossi to the Board of Directors brings extensive experience in pharmaceutical and biotechnology sectors, including successful commercial launches and market access strategies.
- The timing of the appointment coincides with the recent initiation of the Biologic License Application (BLA) for cretostimogene, indicating strategic planning for a successful product launch upon FDA approval.
- CG Oncology's commitment to developing a potential treatment for Non-Muscle Invasive Bladder Cancer (NMIBC) is reinforced by having an accomplished leader on its board, enhancing its credibility and leadership in this therapeutic area.
Potential Negatives
- The resignation of Simone Song from the Board of Directors could indicate instability or issues within the company's governance, particularly as she served on the board for over a decade.
- Cretostimogene, despite being an investigational therapeutic, has not been established for safety and efficacy by the FDA, which raises concerns about the potential for regulatory approval and market success.
- The press release outlines several risks associated with the development of cretostimogene, including the possibility of adverse side effects and insufficient funds to achieve milestones, which may hinder progress and investor confidence.
FAQ
Who has been appointed to CG Oncology's Board of Directors?
Christina Rossi has been appointed to CG Oncology's Board of Directors.
What is the focus of CG Oncology?
CG Oncology is focused on developing and commercializing therapies for bladder cancer patients.
What is cretostimogene?
Cretostimogene is an investigational oncolytic immunotherapy for Non-Muscle Invasive Bladder Cancer (NMIBC).
What experience does Christina Rossi bring?
Christina Rossi has over 25 years of experience in pharmaceuticals and biotechnology, including leadership roles at Blueprint Medicines and Sanofi.
What recent changes occurred on the Board of Directors?
Simone Song resigned from the Board effective November 22, 2025, after over a decade of service.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CGON Insider Trading Activity
$CGON insiders have traded $CGON stock on the open market 19 times in the past 6 months. Of those trades, 1 have been purchases and 18 have been sales.
Here’s a breakdown of recent trading of $CGON stock by insiders over the last 6 months:
- BRIAN GUAN-CHYUN LIU purchased 1,515,151 shares for an estimated $49,999,983
- HONG FANG SONG has made 0 purchases and 4 sales selling 100,000 shares for an estimated $2,779,542.
- JAMES MULAY has made 0 purchases and 8 sales selling 68,359 shares for an estimated $2,496,247.
- LEONARD E POST has made 0 purchases and 6 sales selling 11,000 shares for an estimated $404,230.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CGON Hedge Fund Activity
We have seen 88 institutional investors add shares of $CGON stock to their portfolio, and 88 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP added 3,613,885 shares (+190.3%) to their portfolio in Q3 2025, for an estimated $145,567,287
- MORGAN STANLEY removed 1,225,734 shares (-65.6%) from their portfolio in Q3 2025, for an estimated $49,372,565
- BANK OF AMERICA CORP /DE/ removed 988,424 shares (-56.9%) from their portfolio in Q3 2025, for an estimated $39,813,718
- FRAZIER LIFE SCIENCES MANAGEMENT, L.P. removed 770,000 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $31,015,600
- MILLENNIUM MANAGEMENT LLC removed 706,792 shares (-73.6%) from their portfolio in Q3 2025, for an estimated $28,469,581
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 704,007 shares (+82.2%) to their portfolio in Q3 2025, for an estimated $28,357,401
- VANGUARD GROUP INC added 670,770 shares (+11.4%) to their portfolio in Q3 2025, for an estimated $27,018,615
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$CGON Analyst Ratings
Wall Street analysts have issued reports on $CGON in the last several months. We have seen 9 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Truist Securities issued a "Buy" rating on 11/24/2025
- RBC Capital issued a "Outperform" rating on 11/17/2025
- Guggenheim issued a "Buy" rating on 10/08/2025
- JP Morgan issued a "Overweight" rating on 09/26/2025
- Morgan Stanley issued a "Overweight" rating on 09/17/2025
- HC Wainwright & Co. issued a "Buy" rating on 09/15/2025
- Cantor Fitzgerald issued a "Overweight" rating on 09/08/2025
To track analyst ratings and price targets for $CGON, check out Quiver Quantitative's $CGON forecast page.
$CGON Price Targets
Multiple analysts have issued price targets for $CGON recently. We have seen 9 analysts offer price targets for $CGON in the last 6 months, with a median target of $62.0.
Here are some recent targets:
- Gregory Renza from Truist Securities set a target price of $62.0 on 11/24/2025
- Leonid Timashev from RBC Capital set a target price of $61.0 on 11/17/2025
- Brad Canino from Guggenheim set a target price of $90.0 on 10/08/2025
- Brian Cheng from JP Morgan set a target price of $47.0 on 09/26/2025
- Jeffrey Hung from Morgan Stanley set a target price of $79.0 on 09/17/2025
- Andres Y. Maldonado from HC Wainwright & Co. set a target price of $75.0 on 09/15/2025
- Josh Schimmer from Cantor Fitzgerald set a target price of $75.0 on 09/08/2025
Full Release
- Appoints Accomplished Life Sciences Executive Christina Rossi to its Board of Directors -
IRVINE, Calif., Nov. 26, 2025 (GLOBE NEWSWIRE) -- CG Oncology, Inc. (NASDAQ: CGON), a late-stage clinical biopharmaceutical company focused on developing and commercializing a potential backbone bladder-sparing therapeutic for patients with bladder cancer, today announced the appointment of Christina Rossi to its Board of Directors. Additionally, Simone Song, Senior Partner, ORI Capital, has resigned from the Board effective November 22, 2025.
“We are at a critical juncture in CG Oncology’s history with our recent BLA initiation for cretostimogene. Now we are laying the foundation for a successful launch upon FDA approval, which includes adding Christy to our Board of Directors. Christy has a proven track record for building high-performing commercial organizations, launching new medicines, and delivering impactful programs to HCPs and most importantly to patients. We are positioned to address the broadest range of NMIBC patients to date, thanks to the hard work and dedication of our employees and Board over the years. I want to especially thank Simone for more than a decade of service on our Board and her many contributions to our strategy and direction,” said Arthur Kuan, Chairman and Chief Executive Officer of CG Oncology.
Ms. Rossi has more than 25 years of global pharmaceutical and biotechnology experience. Most recently, she served as Chief Operating Officer of Blueprint Medicines from 2022 until its acquisition by Sanofi in 2025. Previously, she served as Chief Commercial Officer and has overseen the commercial launches of Blueprint therapies across multiple indications and geographies, including the creation of commercial infrastructure and successful market access efforts in the U.S. and Europe. Prior to joining Blueprint Medicines, she served as the Multiple Sclerosis (MS) Business Unit Head, North America, at Sanofi Genzyme. In this role, she oversaw all aspects of the financial performance of Sanofi Genzyme’s MS franchise and increased market share for existing products, led the launch of new therapies and optimized operations to accelerate patient access. Previously, Ms. Rossi served as Vice President, MS Sales, and Vice President, MS Patient and Provider Services, at Sanofi Genzyme. Prior to joining Sanofi Genzyme, she held various roles at Biogen Inc., including Head, Commercial Strategy for Eidetica Biopharma GmbH, Biogen’s biosimilar-focused venture, and U.S. Brand Leader for TYSABRI® (natalizumab). In addition, she consulted in the healthcare practice at the Boston Consulting Group. Ms. Rossi holds a B.S. in biology, cum laude, from Duke University and an M.B.A. from Harvard Business School.
About Cretostimogene Grenadenorepvec
Cretostimogene is an investigational, intravesically delivered oncolytic immunotherapy that has been studied in a clinical development program, which includes more than 400 patients with Non-Muscle Invasive Bladder Cancer (NMIBC). This program includes two Phase 3 clinical trials: BOND-003 for high-risk BCG-unresponsive NMIBC and PIVOT-006 for intermediate-risk NMIBC. CG Oncology also has a Phase 2 trial, CORE-008, evaluating the safety and efficacy of cretostimogene in high-risk NMIBC. Additionally, we have initiated an Expanded Access Program for cretostimogene in North America for patients who are unresponsive to BCG and meet certain program eligibility requirements. Cretostimogene is an investigational candidate, and its safety and efficacy have not been established by the FDA or any other health authority.
About CG Oncology
CG Oncology is a late-stage clinical biopharmaceutical company focused on developing and commercializing a potential backbone bladder-sparing therapeutic for patients afflicted with bladder cancer. CG Oncology sees a world where urologic cancer patients may benefit from our innovative immunotherapies to live with dignity and have an enhanced quality of life. To learn more, please visit: www.cgoncology.com.
Forward-Looking Statements
CG Oncology cautions you that statements contained in this press release regarding matters that are not historical facts are forward-looking statements. The forward-looking statements are based on our current beliefs and expectations and include, but are not limited to, statements regarding our anticipated cash runway, future results of operations and financial position; the anticipated timing and conduct of our ongoing and planned clinical trials and preclinical studies for cretostimogene, including anticipated next milestones in our development pipeline; the timing and likelihood of regulatory filings and approvals for cretostimogene; and the potential therapeutic benefits of cretostimogene for high-risk and intermediate-risk NMIBC patients. Actual results may differ from those set forth in this press release due to the risks and uncertainties inherent in our business, including, without limitation: interim results of a clinical trial are not necessarily indicative of final results and one or more of the clinical outcomes may materially change as patient enrollment continues, following more comprehensive reviews of the data, and as more patient data becomes available; potential delays in the commencement, enrollment and completion of clinical trials, including the BOND-003 and PIVOT-006 trials; we may use our capital resources sooner than expected and they may be insufficient to allow us to achieve our anticipated milestones; our dependence on third parties in connection with manufacturing, shipping and clinical and preclinical testing; results from earlier clinical trials and preclinical studies not necessarily being predictive of future results; unexpected adverse side effects or inadequate efficacy of cretostimogene that may limit its development, regulatory approval, and/or commercialization; and other risks described in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our annual report on Form 10-K and other filings that we make with the SEC from time to time (which are available at
http://www.sec.gov
). You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to update such statements to reflect events that occur or circumstances that exist after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Contacts:
Media
Sarah Connors
Vice President, Communications and Patient Advocacy, CG Oncology
[email protected]
Investor Relations
Megan Knight
Vice President, Investor Relations, CG Oncology
[email protected]