Clinical Trial SuccessFull Phase Ib TX45 data reinforced the striking interim data, which provided a clear clinical POC for the relaxin class and signaled that a significant 6MWT benefit will likely be observed in Phase II – an approvable Phase III endpoint.
Financial PositionTectonic's financial position is robust, with $306.2M in cash expected to support operations for several years.
Market PotentialThe potential of TX45 in pulmonary hypertension is considered underappreciated, which indicates room for positive market surprises.