Sustained Revenue GrowthConsecutive strong top-line growth indicates durable commercial traction for Pepaxti in Europe, reflecting expanding market access and adoption. Sustained revenue acceleration supports scaling of fixed costs, strengthens negotiating leverage with partners, and improves the path to targeted profitability by end-2026.
Very High Gross MarginAn exceptionally high gross margin implies favorable product economics and low variable cost per sale. If maintained, revenue growth will flow through to operating leverage quickly, enabling margins expansion and making profitability achievable once operating expenses are controlled and scale is sustained.
Strengthened Cash RunwayA materially strengthened cash position following an oversubscribed rights issue provides a multi-month runway to execute commercialization, pursue partnerships, and invest in market access. It reduces immediate refinancing risk and signals investor support, supporting strategy execution over the next 2–6 months.