Clinical ProgressThe company's pivot into inflammatory bowel disease (IBD) is seen as an underappreciated opportunity, with the lead program SL-325 representing a first-in-class approach with the potential to improve upon related, clinically-validated, TL1A targeting programs.
Financial PerformanceThe announcement of 1Q25 results showed an EPS of ($0.27), which was better than both the analyst's estimate of ($0.40) and the consensus of ($0.28).
Preclinical DataPreclinical results demonstrated SL-325 safety and feasibility of maintenance dosing, with a lead DR3 bispecific candidate nomination expected later this year.