Cash Runway And Financing RiskRelatively high cash burn and a limited cash runway noted by an analyst could force additional fundraising, which may dilute shareholders or divert management focus from clinical and commercial execution.
High Commercial Efficacy Threshold And Switching InertiaAsthma patients show low switching between biologic classes and a new therapy generally needs around a forty-five percent reduction in exacerbations to be seen as commercially viable, raising the bar for market entry.
Variable Efficacy Across Patient SubgroupsSecondary endpoints such as symptom scores and lung function are expected to improve mainly in T2-high patients, creating uncertainty about consistent benefit across the broader asthma population.