Balance Sheet And Funding RunwayProceeds from a recent US public offering have created a sizeable cash position that extends the operating runway into early 2027, reducing near‑term financing risk and supporting continued pivotal trial operations.
Clinical Trial Enrollment And ReadoutFull enrollment of the Phase 3 NATIV3 trial with planned topline data presentation at a major hepatology conference increases the probability of a definitive clinical readout that could significantly influence valuation.
Trial Design And EndpointsA randomized dosing structure, biopsy‑confirmed endpoints read by a central panel, and a composite primary endpoint of disease resolution or fibrosis improvement strengthen the trial's ability to generate robust data for regulatory consideration.