Morgan Stanley assumed coverage of CG Oncology (CGON) with an Overweight rating and $55 price target Morgan Stanley sees a competitive profile for cretostimogene in bladder cancer, with indication expansion potential beyond high-risk Bacillus Calmette-Guerin-unresponsive non-muscle invasive bladder cancer. In addition to strong data, the firm thinks the familiarity of the same route of administration as standard-of-care BCG therapy should help encourage urologists to prescribe cretostimogene once approved.
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