Brokerages expect blockbuster sales for Urogen's bladder cancer drug candidate
** Brokerage Oppenheimer expects Urogen Pharma's URGN.O under-review bladder cancer drug to generate more than $1 billion sales in the United States over time
** Late on Tuesday, URGN said U.S. Food and Drug administration accepted marketing application for its experimental drug, UGN-102, to treat a type of bladder cancer
** FDA to make a decision by June 13, 2025 for URGN's drug
** U.S.-listed shares of the drug developer down marginally at $12.21 in early trading, which Oppenheimer attributes to a standard review of the drug instead of priority
** Oppenheimer says will closely await clarity on a potential meeting of advisors to FDA, which is not a source of concern due to the drug's strong efficacy and safety data
** Brokerage Guggenheim sees approval of the drug as a "key near-term value driver" for URGN
** Guggenheim estimates a total addressable market of more than 80,000 U.S. patients which could translate to about $5 bln in sales
** Including session moves, U.S.-listed shares of URGN down about 19% YTD
Reporting by Bhanvi Satija in Bengaluru
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