Biotech RisksRisks to the rating and price target include safety, clinical, regulatory, competition, and financing inherent to all development stage biotechs including UPB.
Competitive RisksVerekitug may fail to produce competitive data or other TSLP and novel approaches in the clinic may raise the bar.
Efficacy Benchmark UncertaintyInvestors have debated whether the Phase II or Phase III results with Tezspire should serve as the 'bar' for efficacy for verekitug.