Capital NeedsThe capital needs remain a clear headwind for the company given it has few major stock moving catalysts in the near term.
Financial ConcernsDespite the recent financing, CABA's cash overhang persists, and the company will need to raise again to reach rese-cel's pivotal readouts for myositis, absent any strategic partnering.
Market SentimentShares are down -39% YTD as investor skepticism persists on rese-cel's safety and its differentiation from other autoCART programs.