Clinical RiskRisks to achieving price target include clinical risk where ImmunityBio’s assets may fail to demonstrate meaningful levels of efficacy in clinical trials.
Manufacturing ChallengesThe manufacturing facility's buildout is still in transition, indicating that realizing its full potential will depend on execution and timing across ongoing milestones.
Product VariabilityBCG is an old and genetically unstable therapy susceptible to drift, leading to costly batch-to-batch variability.