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The continuation of a very long trend that will eventually see TX unseat CA as the country’s biggest state economy.

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Another California company is pulling up stakes, with a $7 billion biotech firm moving its headquarters out of Irvine. CG Oncology, a Nasdaq-traded company focused on developing treatments for bladder cancer, has relocated its corporate headquarters to Dallas. 

The move took effect earlier this year, according to Sarah Connors, the company’s vice president of communications and patient advocacy. The new HQ is at Pegasus Park, a roughly 26-acre Dallas campus built around life sciences, research and entrepreneurship.

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Library as of 2026-10-23