Clinical Outcome Binary RiskA disappointing late‑stage trial outcome would create substantial downside because the stock is highly sensitive to binary clinical readouts in neuropsychiatric drug development.
Financing RiskAnnual cash burn implies a limited cash runway, creating potential financing risk before commercialization that could dilute shareholders or disrupt development timelines.
Treatment Capacity ConstraintsLengthy in‑office treatment sessions for the therapy may constrain clinic capacity and slow patient access, limiting the potential pace of market adoption.