Clinical Trials ProgressMerck's decision to progress to a Phase 3 study suggests strong data from its Phase 2 CADENCE trial, which could have a positive influence on Tectonic's TX45.
Financial StabilityTectonic ended the quarter with a cash position of $306.2M, which is expected to support operations into 4Q28.
Market PotentialThe blockbuster potential of TX45 in pulmonary hypertension remains underappreciated, increasing confidence in its future performance.