Market ConditionsBuyer appetite and valuations for immuno-oncology assets remain weak, and a deal may not provide enough capital to materially extend runway ahead of BDC-4182.
Regulatory RisksRisks include delays in anticipated data releases for BDC-4182, negative efficacy data, inability to receive FDA approval, superior data from competitors, and possible dilution risk.
Workforce ReductionBolt is reducing its workforce by approximately 50%, which shall extend its cash runway into 2027.