{"id":418541,"date":"2026-08-27T20:32:11","date_gmt":"2026-08-27T20:32:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/418541\/"},"modified":"2026-08-27T20:32:11","modified_gmt":"2026-08-27T20:32:11","slug":"california-loses-another-multibillion-dollar-company-to-texas","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/418541\/","title":{"rendered":"California loses another multibillion-dollar company to Texas"},"content":{"rendered":"

CG Oncology, a bladder cancer immunotherapy company, left Irvine to put down roots at a new office park in Dallas, where it has signed an eight-year lease.\u00a0<\/p>\n

Founded in 2010, the company has been rapidly growing. It reached a $7 billion valuation as it found recent success during clinical trials to eliminate bladder tumors using modified viruses. Bladder cancer is the sixth-most common cancer in the U.S, with more than 84,000 new cases in 2025, according to the National Cancer Institute.\u00a0<\/p>\n

The company\u2019s Irvine lease was expiring at the end of August, according to a filing with the Securities and\u00a0Exchange Commission. It\u2019s unclear if the company will retain its office spaces in Emeryville and Branchburg, New Jersey, also listed in recent SEC filings. The\u00a0Emeryville lease expires in August 2028.<\/p>\n

CG Oncology did not respond to SFGATE\u2019s request for comment as of publication. It\u2019s unclear if it will retain any presence in Southern California.\u00a0<\/p>\n

Sarah Connors, vice president of communications and patient advocacy, told the Dallas Morning News<\/a> that the move will allow the company better access to talent and new facilities, with advantages from being more centrally located in the country. \u201cDallas provides CG Oncology with a strategic home within one of the nation\u2019s fastest-growing life sciences ecosystems,\u201d Connors told the outlet. \u201cPegasus Park\u2019s unique combination of research institutions, healthcare innovation, talent and connectivity supports our long-term vision while remaining consistent with our remote-first culture.\u201d\u00a0<\/p>\n

The new 26-acre office campus in Dallas, dubbed Pegasus Park, has a big concentration of life sciences tenants.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"CG Oncology, a bladder cancer immunotherapy company, left Irvine to put down roots at a new office park…\n","protected":false},"author":2,"featured_media":418542,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[145788,145789,27,29,28],"class_list":["post-418541","post","type-post","status-publish","format-standard","has-post-thumbnail","category-texas","tag-sfgcalifornia","tag-sfgla","tag-texas","tag-texas-headlines","tag-texas-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/418541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=418541"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/418541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/418542"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=418541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=418541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=418541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}