Financial RunwayA cash balance of about $188.7 million and extended cash guidance into the first quarter of 2027 provide funding to support upcoming readouts and regulatory activities, reducing near-term financing risk.
Pipeline PositioningTwo late-stage, first-in-class complement inhibitors targeting the classical pathway offer differentiated therapeutic potential, and tanruprubart could become the new standard of care for Guillain-Barré syndrome given the lack of approved therapies.
Regulatory ProgressEMA selection of vonaprument for the PRIME pilot, harmonization of BCVA endpoints across U.S. and EU, and a tanruprubart MAA filing on track for January 2026 collectively lower approval risk for lead programs.