Development ChallengesA global registrational Phase 3 program evaluating seralutinib in patients with pulmonary hypertension associated with interstitial lung disease (PH-ILD) is expected to start in mid-2025, pending discussions with regulators, further validating the program, in our view.
Financial PerformanceGOSS reported a net loss of $30.8M, indicating financial challenges despite having $327M in cash.
Investor ExpectationsGOSS reported Phase 2 week 24 topline data that fell below investor expectations on the magnitude of PVR/6MWD change.