Approval And PerceptionThe confirmed OS win in China now re-rates confidence, shifts perception, and sets a higher share price floor.
Efficacy And Competitive EdgeIvonescimab's performance in the HARMONi-2 trial was the first to show superiority over a leading competitor in 1L NSCLC, suggesting a strong competitive advantage.
Market PotentialIvonescimab's engagement of PD-1 and VEGF has shown superiority over chemotherapy and other treatments, paving the way to capture a significant portion of the ~$50B checkpoint inhibitor market.