Capital And Dilution RiskHigh development costs combined with a constrained cash position may necessitate sizable equity raises, increasing dilution risk for current investors.
Competitive Pressure And Limited Monotherapy ProspectsCompetitors showing stronger efficacy and safety, particularly with anti‑OX40L approaches, limit monotherapy market opportunity for IMG‑007 and heighten commercialization challenges.
Single-asset ConcentrationReliance on a single clinical‑stage candidate concentrates company risk, so an adverse trial outcome could materially harm shareholder value.