Commercialization Timeline For MCEDThe multi-cancer early detection test is unlikely to generate material revenue in the near to medium term, limiting immediate sales upside from the program.
Pipeline Development And Regulatory RiskSeveral important programs remain in early development with limited visibility into timing, commercialization and regulatory strategy, increasing execution risk for future growth drivers.
Valuation UncertaintyUncertainty around the timing and commercial impact of new programs leaves valuation upside unclear and supports a cautious investment view.