Funding And Dilution RiskLimited cash resources increase the likelihood that additional financing will be required to advance clinical programs, which could delay development or cause shareholder dilution if not secured.
Milestone Execution RiskInitiation of the pivotal Phase 3 trial depends on completion of regulatory, manufacturing, and operational milestones, creating execution risk if any of those elements are delayed or incomplete.
Research Objectivity ConcernBusiness relationships between covering firms and the companies they cover can introduce conflicts that may affect the perceived objectivity of analyst research and market interpretation.