CompetitionIn Lilly's hands, STX-478 is a more significant threat, in our view.
Market CompetitionDespite differences in trial data, STX-478's early data is considered in line with Relay Therapeutics' data, which is viewed positively for the company's competitive position.
Strategic ConcernsKey questions remain about RLAY's ability to adapt to a shifting treatment landscape and combination partners in 2L mBC.