Liquidity And Balance SheetRepayment of secured debt and new unsecured bond financing, together with management guidance of over twelve months of cash runway, strengthen the company’s financial stability and reduce short-term funding risk.
Partner Payments And LicensingA triggered milestone payment from partner Kowa of five million euros and eligibility for up to one hundred twenty-seven million euros in additional milestones plus royalties create clear near-term and longer-term revenue catalysts.
Regulatory PathwayPositive results in a second Phase 3 trial combined with a planned U.S. NDA submission supported by a pre-submission meeting increase the likelihood of regulatory approval and U.S. market access for NCX 470 in 2026.