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ZUSDURI™ Achieves Durable Complete Responses Across EORTC Risk Groups in Patients with Recurrent LG-IR-NMIBC

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UroGen (Nasdaq: URGN) reported post‑hoc ENVISION Phase 3 analyses showing ZUSDURI (75 mg mitomycin intravesical) produced high complete response (CR) rates across EORTC recurrence score groups in recurrent LG‑IR‑NMIBC.

Three‑month CRs were 83.9%, 81.2%, and 60.0% for EORTC scores 1–4, 5–9, and 10–17; majority of responders remained recurrence‑free at 24 months (Kaplan‑Meier estimates 67.4%–73.7%).

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Positive

  • Overall CR 79.6% at three months (95% CI: 73.9–84.5)
  • 24‑month event‑free KM 72.2% in overall population (95% CI: 64.1–78.8)
  • High CRs across risk groups: 83.9%, 81.2%, 60.0% at three months

Negative

  • Post‑hoc analysis design limits prospective inference
  • Small subgroup sizes and wide 95% CIs reduce precision for high‑risk group

News Market Reaction – URGN

+2.46%
1 alert
+2.46% News Effect
+$24M Valuation Impact
$991M Market Cap
1K Volume

On the day this news was published, URGN gained 2.46%, reflecting a moderate positive market reaction. This price movement added approximately $24M to the company's valuation, bringing the market cap to $991M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Overall CR rate: 79.6% 24-month event-free: 72.2% Patients analyzed: 240 patients +5 more
8 metrics
Overall CR rate 79.6% ENVISION Phase 3, 3-month complete response rate (95% CI: 73.9–84.5)
24-month event-free 72.2% Kaplan-Meier probability of remaining event-free at 24 months (95% CI: 64.1–78.8)
Patients analyzed 240 patients Post-hoc ENVISION analysis stratified by EORTC recurrence score
CR low EORTC 83.9% 3-month CR in EORTC score 1–4 group (95% CI: 66.3–94.5)
CR intermediate EORTC 81.2% 3-month CR in EORTC score 5–9 group (95% CI: 74.9–86.4)
CR high EORTC 60.0% 3-month CR in EORTC score 10–17 group (95% CI: 32.2–83.7)
24-month event-free (5–9) 73.7% Kaplan-Meier event-free probability for EORTC 5–9 group (95% CI: 64.6–80.8)
Dose 75 mg mitomycin ZUSDURI reverse thermal hydrogel administered intravesically

Market Reality Check

Price: $21.70 Vol: Volume 515,393 is below t...
normal vol
$21.70 Last Close
Volume Volume 515,393 is below the 20-day average of 646,648. normal
Technical Price 21.18 is trading above the 200-day MA at 18.17.

Peers on Argus

URGN gained 2.47% while peers were mixed: SANA and OCS up, EYPT slightly positiv...

URGN gained 2.47% while peers were mixed: SANA and OCS up, EYPT slightly positive, SYRE down, and QURE down sharply, pointing to a stock-specific reaction rather than a broad biotech move.

Historical Context

5 past events · Latest: Feb 24 (Neutral)
Pattern 5 events
Date Event Sentiment Move Catalyst
Feb 24 Conference presentation Neutral -0.4% Announcement of TD Cowen conference appearance and webcast access.
Feb 23 Earnings date notice Neutral -0.7% Scheduled date for Q4 and full-year 2025 financial results call.
Feb 04 Investor summit Neutral +3.5% Presentation at Guggenheim biotech summit with webcast and 1x1 meetings.
Jan 05 Reimbursement update Positive -2.5% Permanent J code J9282 for ZUSDURI to streamline billing and access.
Dec 05 Equity inducement grants Neutral -5.3% RSU grants to new employees under inducement plan for commercialization support.
Pattern Detected

Recent company updates and conferences have produced mixed price reactions, with some positive operational milestones met by negative or muted trading.

Recent Company History

Over the past few months, UroGen has focused on commercialization and investor outreach. In Q3 2025, revenue reached $27,482 thousand but the company reported a net loss of $33,347 thousand, highlighting ongoing investment needs. In January 2026, ZUSDURI received a permanent J code effective January 1, 2026, aimed at improving reimbursement, yet shares fell. Multiple conference presentations in February 2026 show continued visibility efforts. Today’s ENVISION post-hoc data further reinforces ZUSDURI’s clinical profile within this commercialization narrative.

Market Pulse Summary

This announcement highlights detailed ENVISION Phase 3 post‑hoc data, with ZUSDURI achieving a 79.6%...
Analysis

This announcement highlights detailed ENVISION Phase 3 post‑hoc data, with ZUSDURI achieving a 79.6% complete response rate at three months and a 72.2% probability of remaining event‑free at 24 months. High response rates across EORTC risk groups, including 60.0% in higher‑risk patients, support ZUSDURI’s role as a non‑surgical option for recurrent LG‑IR‑NMIBC. Investors may track longer‑term follow‑up, recurrence patterns over the planned five‑year period, and how these data influence adoption alongside prior reimbursement and commercialization developments.

Key Terms

phase 3, intravesical, non-muscle invasive bladder cancer, complete response, +2 more
6 terms
phase 3 medical
"new post-hoc analyses from the Phase 3 ENVISION trial showing that ZUSDURI..."
Phase 3 is the late-stage clinical testing step for a new drug or medical treatment, where the product is given to large groups of patients to confirm effectiveness, monitor side effects, and compare it to standard care. Successful Phase 3 results are often the final scientific hurdle before regulators decide on approval and market launch—like passing a final exam before graduation—and can sharply change a company's valuation and future revenue prospects.
intravesical medical
"ZUSDURI™ (mitomycin) for intravesical solution (formerly known as UGN-102)..."
Intravesical describes a medical treatment or procedure where a drug or therapy is placed directly into the bladder through a catheter rather than taken by mouth or injected into the bloodstream. For investors, it signals a focused delivery method that can increase local effectiveness and reduce whole‑body side effects, often affecting a product’s clinical value, patient convenience, regulatory path, and market niche — like watering a plant at its roots instead of spraying its leaves.
non-muscle invasive bladder cancer medical
"patients with recurrent low-grade intermediate-risk non-muscle invasive bladder cancer..."
A form of bladder cancer that is confined to the inner lining of the bladder and has not grown into the deeper muscle layer; think of it like a stain on wallpaper rather than damage to the wall’s studs. It matters to investors because it has different treatment, monitoring and recurrence patterns than deeper cancers, driving demand for repeated outpatient procedures, local therapies and diagnostic tests that affect revenue, trial design and pricing dynamics in healthcare markets.
complete response medical
"achieved durable complete response (CR) rates across European Organization..."
A complete response is a positive outcome in which a company’s efforts to address issues or questions fully resolve the problem, often meaning that no further action or investigation is needed. For investors, it signals that concerns have been thoroughly addressed, which can boost confidence in the company's stability or decision-making. Think of it like a doctor fully treating an illness, leaving no remaining symptoms.
kaplan-meier medical
"with a Kaplan-Meier probability of remaining event-free at 24 months of 72.2%..."
A Kaplan-Meier estimate is a statistical curve that shows how long it takes for a particular event—such as recovery, relapse, or death—to occur in a group over time, with the curve stepping down as events happen. Investors use these curves to assess the duration and timing of a treatment's or risk's effects—like watching how many light bulbs remain working week by week—because the timing and likelihood of outcomes influence clinical decisions, regulatory approval, and revenue prospects.
post-hoc analysis medical
"The company announced new post-hoc analyses from the Phase 3 ENVISION trial..."
Post-hoc analysis is an examination of data carried out after an experiment, trial, or reporting period to look for patterns or explanations that were not specified beforehand. It matters to investors because such findings can suggest new opportunities or risks but are more likely to be chance results than preplanned conclusions, so they require independent confirmation before being treated as reliable — like noticing a pattern on a map after a trip and then testing it on the next journey.

AI-generated analysis. Not financial advice.

• EORTC Recurrence Score Analysis from the Pivotal ENVISION Trial to be Presented at the 2026 American Society of Clinical Oncology’s Genitourinary Cancers Symposium (ASCO-GU 2026)

PRINCETON, N.J., Feb. 27, 2026 (GLOBE NEWSWIRE) -- UroGen Pharma Ltd. (Nasdaq: URGN), a biotech company dedicated to developing and commercializing innovative, non-surgical therapies for urothelial and specialty cancers, today announced new post-hoc analyses from the Phase 3 ENVISION trial showing that ZUSDURI™ (mitomycin) for intravesical solution (formerly known as UGN-102) achieved durable complete response (CR) rates across European Organization for Research and Treatment of Cancer (EORTC) recurrence score groups in patients with recurrent low-grade intermediate-risk non-muscle invasive bladder cancer (LG-IR-NMIBC). A poster including the ENVISION trial EORTC recurrence score analysis will be presented at ASCO-GU 2026, which is being held February 26-28, 2026, in San Francisco, CA, and virtually.

CR rates at three months were 83.9%, 81.2%, and 60.0% in patients with low (1-4), intermediate (5-9), and high (10-17) EORTC recurrence scores, respectively, with the majority of responders across all groups remaining recurrence-free at 24 months.

“These results are particularly meaningful because they demonstrate that ZUSDURI can achieve robust complete response rates, even in patients with a higher baseline risk of recurrence,” said Sandip M. Prasad, MD, M.Phil., Director of Genitourinary Surgical Oncology and Vice Chair of Urology at Morristown Medical Center/Atlantic Health System, NJ, and Principal Investigator of the ENVISION trial. “Importantly, the durability of response observed with ZUSDURI across EORTC risk categories highlights a meaningful advance for patients with recurrent LG-IR-NMIBC, a population with limited treatment options.”

The Phase 3 ENVISION (NCT05243550) trial evaluated ZUSDURI, a reverse thermal hydrogel administered intravesically containing 75 mg mitomycin, in patients with recurrent LG-IR-NMIBC. In the overall study population, ZUSDURI achieved a CR rate of 79.6% at three months (95% CI: 73.9–84.5), with a Kaplan-Meier probability of remaining event-free at 24 months of 72.2% (95% CI: 64.1–78.8).

In the post-hoc analysis of 240 treated patients stratified by EORTC recurrence score, high CR rates were observed across all risk groups at three months. CR rates were 83.9% (95% CI: 66.3–94.5) in patients with EORTC scores of 1–4, 81.2% (95% CI: 74.9–86.4) in patients with EORTC scores of 5–9, and 60.0% (95% CI: 32.2–83.7) in patients with EORTC scores of 10–17. Among patients achieving a CR, the majority remained recurrence-free at 24 months across all groups, with a Kaplan-Meier probability of remaining event-free of 67.4% (95% CI: 43.2–83.1), 73.7% (95% CI: 64.6–80.8), and 66.7% (95% CI: 28.2–87.8) for the EORTC score groups of 1–4, 5–9, and 10–17, respectively. Across the subgroups, Kaplan-Meier estimate of median duration of response was not reached, reflecting low recurrence event rates during follow-up.

“The consistency of response we’re seeing across EORTC recurrence score groups reinforces the therapeutic benefit of ZUSDURI,” said Mark Schoenberg, MD, Chief Medical Officer, UroGen. “These findings build on the strong primary results from ENVISION and further support ZUSDURI as a non-surgical treatment option designed to address the chronic and recurrent nature of this disease.”

Despite the post-hoc design and small sample sizes in some subgroups, the results suggest that ZUSDURI may provide durable and clinically meaningful benefit, regardless of baseline recurrence risk. Patients in ENVISION will continue to be followed for recurrence and progression for up to five years. The EORTC is an international academic research organization that conducts large multicenter clinical trials and develops widely validated prognostic and risk-stratification tools. Its bladder cancer recurrence score tables are commonly used to estimate recurrence risk based on established clinical and pathological factors.

About ZUSDURI

ZUSDURI (mitomycin) for intravesical solution is an innovative drug formulation of mitomycin approved for the treatment of adults with recurrent LG-IR-NMIBC. Utilizing UroGen’s proprietary RTGel® technology (a sustained release, hydrogel-based formulation), ZUSDURI is delivered directly into the bladder by a trained healthcare professional using a urinary catheter in an outpatient setting, thereby enabling the treatment of tumors by non-surgical means.

About Non-Muscle Invasive Bladder Cancer (NMIBC)
LG-IR-NMIBC affects around 82,000 people in the U.S. every year and of those, an estimated 59,000 are recurrent. Bladder cancer primarily affects older populations with increased risk of comorbidities, with the median age of diagnosis being 73 years. Guideline recommendations for the management of NMIBC include transurethral resection of bladder tumor (TURBT) as the standard of care. Up to 70 percent of NMIBC patients experience at least one recurrence, and LG-IR-NMIBC patients are even more likely to recur and face repeated TURBT procedures. Learn more about non-muscle invasive bladder cancer at www.BladderCancerAnswers.com.

About UroGen Pharma Ltd.
UroGen is a biotech company dedicated to developing and commercializing innovative solutions that treat urothelial and specialty cancers because patients deserve better options. UroGen has developed RTGel reverse-thermal hydrogel, a proprietary sustained-release, hydrogel-based platform technology that has the potential to improve the therapeutic profiles of existing drugs. UroGen’s sustained release technology is designed to enable longer exposure of the urinary tract tissue to medications, making local therapy a potentially more effective treatment option. Our first product is approved to treat low-grade upper tract urothelial cancer, and our second product, ZUSDURI (mitomycin) for intravesical solution, is approved for adult patients with recurrent LG-IR-NMIBC. Both products are designed to ablate tumors by non-surgical means. UroGen is headquartered in Princeton, NJ with operations in Israel. Visit www.UroGen.com to learn more or follow us on X, @UroGenPharma.

APPROVED USE FOR ZUSDURI
ZUSDURI (mitomycin) for intravesical solution is a prescription medicine used to treat adults with a type of cancer of the lining of the bladder called low-grade intermediate risk non-muscle invasive bladder cancer (LG-IR-NMIBC) after previously receiving bladder surgery to remove tumor that did not work or is no longer working.

IMPORTANT SAFETY INFORMATION

You should not receive ZUSDURI if you have a hole or tear (perforation) of your bladder or if you have had an allergic reaction to mitomycin or to any of the ingredients in ZUSDURI.

Before receiving ZUSDURI, tell your healthcare provider about all of your medical conditions, including if you:

  • have kidney problems
  • are pregnant or plan to become pregnant. ZUSDURI can harm your unborn baby. You should not become pregnant during treatment with ZUSDURI. Tell your healthcare provider right away if you become pregnant or think you may be pregnant during treatment with ZUSDURI.

Females who are able to become pregnant: You should use effective birth control (contraception) during treatment with ZUSDURI and for 6 months after the last dose.

Males being treated with ZUSDURI: You should use effective birth control (contraception) during treatment with ZUSDURI and for 3 months after the last dose.

• are breastfeeding or plan to breastfeed. It is not known if ZUSDURI passes into your breast milk. Do not breastfeed during treatment with ZUSDURI and for 1 week after the last dose.

How will I receive ZUSDURI?

  • You will receive your ZUSDURI dose from your healthcare provider 1 time a week for 6 weeks into your bladder through a tube called a urinary catheter. It is important that you receive all 6 doses of ZUSDURI according to your healthcare provider’s instructions.
  • If you miss any appointments, call your healthcare provider as soon as possible to reschedule your appointment.
  • During treatment with ZUSDURI, your healthcare provider may tell you to take additional medicines or change how you take your current medicines.

After receiving ZUSDURI:

  • ZUSDURI may cause your urine color to change to a violet to blue color. Avoid contact between your skin and urine for at least 24 hours.
  • To urinate, males and females should sit on a toilet and flush the toilet several times after you use it. After going to the bathroom, wash your hands, your inner thighs, and genital area well with soap and water.
  • Clothing that comes in contact with urine should be washed right away and washed separately from other clothing.

    The most common side effects of ZUSDURI include: increased blood creatinine levels, increased blood potassium levels, trouble with urination, decreased red blood cell counts, increase in certain blood liver tests, increased or decreased white blood cell counts, urinary tract infection, and blood in your urine.

You are encouraged to report negative side effects of prescription drugs to the FDA.

Visit www.fda.gov/medwatch or call 1-800-FDA-1088. You may also report side effects to UroGen Pharma at 1-855-987-6436.

Please see ZUSDURI Full Prescribing Information, including the Patient Information, for additional information.

Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding: the potential benefits of ZUSDURI implied or suggested by the data, including its potential to provide durable and clinically meaningful benefit regardless of baseline recurrence risk; the estimated annual U.S. patient population and demographics for LG-IR-NMIBC; the potential of UroGen’s proprietary RTGel technology to improve therapeutic profiles of existing drugs, other than mitomycin; and UroGen’s sustained release technology making local delivery potentially more effective as compared to other treatment options. Words such as “can,” “estimate,” “expect,” “likely,” “may,” “potential,” “up to,” “will” or other words that convey uncertainty of future events or outcomes are used to identify these forward-looking statements. These statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to: clinical results may not be indicative of results that may be observed in the future, including in larger populations; potential safety and other complications related to UroGen’s products; risks related to UroGen’s and its licensors’ ability to protect their respective patents and other intellectual property; the ability to maintain regulatory approval; complications associated with commercialization activities; labeling limitations; competition in UroGen’s industry; the scope, progress and expansion of developing and commercializing UroGen’s products and product candidates; the size and growth of the market(s) therefor and the rate and degree of market acceptance thereof vis-à-vis alternative therapies or procedures, such as surgery; UroGen’s ability to attract or retain key management, members of the board of directors and other personnel; UroGen’s RTGel technology and ZUSDURI may not perform as expected; new data relating to ZUSDURI, including from spontaneous adverse event reports and from the ongoing ENVISION trial, may result in changes to the product label and may adversely affect sales, or result in withdrawal of ZUSDURI from the market; the potential for payors to delay, limit or deny coverage for ZUSDURI; UroGen may not successfully develop and receive regulatory approval of any other product that incorporates RTGel technology; and the impacts of general macroeconomic and geopolitical conditions on UroGen’s business and financial position. In light of these risks and uncertainties, and other risks and uncertainties that are described in the Risk Factors section of UroGen’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 6, 2025, the events and circumstances discussed in such forward-looking statements may not occur, and UroGen’s actual results could differ materially and adversely from those anticipated or implied thereby. Any forward-looking statements speak only as of the date of this press release and are based on information available to UroGen as of the date of this release.

INVESTOR CONTACT:
Vincent Perrone
Senior Director, Investor Relations
vincent.perrone@UroGen.com
609-460-3588 ext. 1093

MEDIA CONTACT:
Cindy Romano
Director, Corporate Communications
cindy.romano@UroGen.com
609-460-3566 ext. 1083


FAQ

What were ZUSDURI (URGN) three‑month complete response rates by EORTC recurrence score groups?

Three‑month CR rates were 83.9% (EORTC 1–4), 81.2% (5–9), and 60.0% (10–17). According to the company, these rates come from a 240‑patient post‑hoc ENVISION analysis with reported 95% confidence intervals for each group.

How durable were ZUSDURI (URGN) responses through 24 months in ENVISION?

Most responders remained recurrence‑free at 24 months, with KM estimates 67.4%–73.7% across groups. According to the company, the overall Kaplan‑Meier probability of remaining event‑free at 24 months was 72.2% (95% CI: 64.1–78.8).

What is the ENVISION trial dose and population for ZUSDURI (URGN)?

ENVISION evaluated ZUSDURI as a 75 mg mitomycin reverse thermal hydrogel administered intravesically in patients with recurrent low‑grade intermediate‑risk NMIBC. According to the company, 240 treated patients were included in the post‑hoc EORTC analysis.

Do the ENVISION EORTC subgroup results change ZUSDURI’s clinical significance for URGN investors?

Results suggest clinically meaningful, durable CRs across baseline recurrence risks, but limitations remain. According to the company, the post‑hoc design and small subgroup sizes warrant cautious interpretation despite promising durability signals.

Will ENVISION patients continue to be followed for URGN (ZUSDURI) longer‑term outcomes?

Yes; patients will be followed for recurrence and progression for up to five years. According to the company, ongoing follow‑up will provide additional data on long‑term durability and event rates beyond the reported 24‑month estimates.
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