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UroGen Pharma Ltd.

CIK: 16682432 Annual ReportsLatest: 2025-04-30

10-K / April 30, 2025

Revenue:$90,400,000
Income:-$126,874,000

10-K / April 29, 2024

Revenue:$82,713,000
Income:-$102,244,000

10-K / April 30, 2025

Company Summary: UroGen Pharma Ltd.

Business Overview

UroGen Pharma Ltd. is a biopharmaceutical company focused on developing and commercializing innovative bladder cancer treatments. The company's primary goal is to create therapies that improve patient care and generate long-term shareholder value.

Key Products and Technologies

  • JELMYTO®: A marketed product with gross revenue of $90.4 million in 2024, representing a 12% increase from 2023’s $82.7 million. Its revenue is driven primarily by demand growth.
  • UGN-102: A lead product candidate that has received FDA acceptance of its New Drug Application (NDA) in October 2024, with a PDUFA review target date of June 13, 2025. The product is under regulatory review for bladder cancer treatment.
  • RTGel Technology: Proprietary delivery technology that enhances the clinical effectiveness of therapeutics, including immunotherapies. The company has licensed a next-generation mitomycin-based formulation from medac GmbH for further development.
  • Additional Candidates: UGN-103 and UGN-104 are in development for the treatment of low-grade intermediate-risk non-muscle invasive bladder cancer (LG-IR-NMIBC) and low-grade upper tract urothelial cancer (LG-UTUC), respectively. They are protected by US patents expiring in December 2041.

Research and Collaborations

  • The company has entered into multiple strategic research collaborations to explore the potential of its RTGel technology to boost the efficacy of various immunotherapies, supporting long-term growth.

Financials

  • Number of Customers: The document does not specify the number of customers.
  • Employees: Number of employees is not explicitly stated in the provided text.
  • Revenue:
    • JELMYTO® revenue for 2024 was $90.4 million, compared to $82.7 million in 2023.
  • Income: Income figures are not provided in the excerpt; only revenue details for the primary product are included.

Other Strategic Moves

  • Restructured a loan agreement with Pharmakon Advisors, providing up to $100 million in additional funding.
  • Completed an underwritten public offering raising $123.6 million gross proceeds.
  • Secured a US patent protecting key developmental programs in bladder cancer treatments through December 2041.

Corporate Focus

The company's strategic initiatives include advancing its lead product through regulatory review, expanding its pipeline with innovative formulations and collaborations, and increasing revenue from existing marketed products.