Efficacy Of TreatmentThe initial Phase 2 data for QTORIN rapamycin's 2nd indication, cutaneous venous malformation, surpassed expectations with a 73% response rate, indicating an efficient and less expensive pivotal study design.
Financial OutlookThe robust data significantly de-risks the potentially conservative ~$1.6 billion peak sales estimate, leading to an increased price target.
Pipeline ExpansionQTORIN rapamycin will become the first-line therapy for cVM patients if approved, representing a market opportunity of over $500 million.