Neutral/Negative Catalysts
- No news in the past week → lack of an immediate event-driven catalyst to force a near-term repricing.
- Hedge funds are selling, with selling amount up ~159.2% over the last quarter → institutional flows a headwind.
- Biotech financial profile remains loss-making with ongoing burn (no revenue; widening losses), which can pressure sentiment between clinical updates.
- Technical posture is neutral-to-slightly-bearish (MACD below zero, price below pivot) with no proprietary buy signals today.