The earnings call reveals a mixed outlook. Financially, the $60 million from Incyte is positive, but the lack of clear guidance and competitive pressures in the oncology market are concerning. The strategic partnership with Incyte and robust preclinical models are positive, but significant regulatory and execution risks remain. The Q&A highlighted competitive pressures and uncertainties in timelines, suggesting a cautious market response. Overall, the sentiment is balanced, leading to a neutral prediction for stock movement.