AD Portfolio View

4 pipeline assets in Atopic Dermatitis — explore scenarios, compare outcomes, make portfolio decisions.

Portfolio Peak Revenue

$14.1B0.0%

Active Scenarios

0

of 10 available

Avg. Portfolio PoS

18%

Cumulative probability

AI Challenges

4

Requires attention

Portfolio Forecast — Stacked by Asset

KP-723NM-26PX-128PX-130

AI Strategic Critic

4 challenges
CONTRADICTION88% confidence

Your assumption:

KP-723 achieves 7% Rx share at maturity in moderate AD

Your access tightening scenario contradicts this share projection. Oral agents face step therapy barriers in >60% of commercial plans. Historical JAKi launches show payer-driven share erosion of 30-40% vs initial projections.

RISK FLAG91% confidence

Your assumption:

NM-26 uptake reaches 9% share with best-in-class itch positioning

This segment is unlikely to be fully owned by dual IL-4Rα/IL-31 MOA. Nemolizumab (pure IL-31Rα) launches 3 years earlier with established itch data. Historical patterns show first-mover advantage in pruritus captures 60% of segment share.

Scenario Library

Loaded: Base Case

KP-723 TPP Underperformance

Oral STAT6i fails to differentiate vs JAK1i on efficacy; limited to convenience positioning only

TPPKP-723Oral

Dupixent Biosimilar Acceleration

Biosimilar Dupixent launches early (2031 EU, 2032 US), expanding market but compressing pricing

BiosimilarMarket Expansion

JAK Safety Signal Escalation

New JAK class safety data triggers further prescribing restrictions, shifting patients to biologics

JAKSafetyShare Shift

Access Tightening (Payer Suppression)

Prior authorization requirements expand; step therapy enforced across new entrants

PayerAccessStep Therapy

NM-26 Best-in-Class Itch Data

Phase 2 data shows unprecedented itch control via dual IL-4Rα/IL-31 blockade; differentiated positioning

NM-26ClinicalDifferentiation

PX-128 Asthma Co-indication

PX-128 IL-13/TSLP bispecific achieves asthma co-indication, doubling addressable market

PX-128AsthmaLabel Expansion

MFN Policy Implementation

Most Favored Nation pricing implemented; US prices benchmarked to international reference

PolicyMFNPricing

PX-130 Clinical Delay (2 years)

Preclinical-to-Phase 1 transition delayed; IND pushes approval to 2035

PX-130DelayPreclinical

Competitive OX40 Breakthrough

Rocatinlimab achieves disease-modifying claim; shifts treatment paradigm away from cytokine blockade

OX40Paradigm Shift

Pediatric Indication Fast-Track

FDA grants pediatric priority review for NM-26 and KP-723; 2-year earlier pediatric access

PediatricRegulatory