Clinical TrialsRXRX shares traded down -9.8% after announcing interim phase 1 ELUCIDATE data for ‘617, Recursion’s CDK7 inhibitor acquired from Exscientia, which looked tolerable on safety, with response/efficacy readouts disappointing albeit early.
Financial PerformanceBrisk cash burn continues to be a concern.
Operational StrategyLong-term risks are associated with pipeline prioritization and deal execution, with concerns over recognizing synergies to minimize cash burn.