Capital RequirementsThe company needs to raise additional capital in the near-term which we factor in.
Financial StrategyThe company was able to successfully complete two transactions under more favorable terms, including a warrant inducement transaction and a registered direct offering, which combined raised $9.3M.
Stock PerformanceDespite the overall positive readout, MBRX shares are down ~20%, most likely related to the ongoing capital raising effort to support the P3 MIRACLE study.