Intellectual PropertyExpectations are already high and there's not enough time to fully capitalize and get to peak revenue if intellectual property expires in 2032.
Market DevelopmentDevelopment in the congenital HO population is still early with outstanding commercial uncertainties on the exact prevalence of the patient population, number of diagnosed patients, and the proportion with obesity.
Market ValuationCurrent $3-4B market cap already prices in a positive study and launch, which limits immediate upside potential.