Leap Therapeutics (LPTX) has disclosed a new risk, in the Supply Chain category.
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Leap Therapeutics’ business risk hinges significantly on NovaRock fulfilling its obligations under the NovaRock Agreement. With NovaRock entrusted to develop, manufacture, and commercialize FL-301 and FL-302 in key Asian markets, Leap Therapeutics’ reliance on NovaRock’s management of the manufacturing process and joint R&D activities is substantial. Leap Therapeutics’ limited influence over NovaRock’s performance poses a critical risk; any failure by NovaRock to meet its development responsibilities could severely impede the progression of FL-301 and FL-302, with potentially detrimental implications for Leap Therapeutics’ business prospects.
Overall, Wall Street has a Strong Buy consensus rating on LPTX stock based on 4 Buys.
To learn more about Leap Therapeutics’ risk factors, click here.