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over a finite window—potentially inducing long-term
               tolerance with a limited course of treatment.

               That’s a radical departure from traditional biologic
               economics, which are often built around:


                   •  Repeat infusions
                   •  Chronic dosing
                   •  Drug dependency, not drug independence

               While that may sound financially limiting, COUR flips the
               model:
               Durability becomes the commercial differentiator.
               Not a liability. Not a tradeoff.
               A premium.


               In a healthcare system moving toward value-based care and
               outcome-based pricing, this positions COUR as a post-
               volume biotech: one built to thrive in a world where payers
               no longer tolerate waste.




               A Future-Facing Financial Blueprint


               COUR’s financial model reflects the exact themes this
               chapter has explored:


                   •  Immune instruction over suppression
                   •  Durability over speed
                   •  Alignment over attrition


               And as the biologics industry begins to reckon with the cost
               of tolerization, the COUR blueprint offers something few
               others can:



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