Financial PerformanceEven with a promising product candidate, Lyell's high development costs and competitive landscape contribute to a Neutral rating.
Market CompetitionThe CD19-targeted CAR-T space is crowded, and the opportunity for another entrant like Lyell is limited.
Product Development IssuesDevelopment of several legacy pipeline programs, including LYL797 and LYL845, has been discontinued with no sufficient evidence of benefits from the second-generation ROR1 CAR-T.