Competitor DevelopmentsCompetitor LLY's updates on their PD-1 agonist, peresolimab, could negatively impact ANAB if LLY progresses with their drug.
Financial PerformanceThe company reported a net loss of $46.7M, which is significantly higher than both the estimate of $41.6M and the consensus of $22.1M.
Program TerminationFirst generation BTLA agonists, including LY3361367 and AVTX-008, have been terminated, impacting programs focused on conditions like SLE.