Pipeline RisksRisks include negative clinical results with the company's lead assets, delays in advancing these candidates into registrational programs, and failure to achieve favorable clinical results with other pipeline candidates.
Price Target ReductionReducing the price target from $10 to $3.
Program DiscontinuationThe discontinuation of CB-010 in lupus, CB-012 in AML, and preclinical research does reduce the value from the pipeline.