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UroGen Pharma Shares Rise on Narrower Q1 Net Loss, Higher Revenue

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UroGen Pharma (URGN) shares were up 9.9% in early trading on Wednesday after the company posted a narrower net loss and higher revenue for Q1.

The company reported a Q1 net loss of $0.47 per diluted share, narrower than a loss of $0.92 a year earlier.

Analysts polled by FactSet expected a loss of $0.48.

Revenue for the quarter ended March 31 was $51 million, up from $20.3 million a year earlier.

Analysts expected revenue of $44.8 million.

As of March 31, the company said it had $140.3 million in cash, cash equivalents and marketable securities on hand.

Price: $26.25, Change: $+2.42, Percent Change: +10.16%

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