Main risks
The project is still in its early stages: it has shown great efficacy and almost zero toxicity in tests on mice, but the product still needs to be developed into a drug and tested on humans. It therefore has the implicit risk of any technological development, in this case an ambitious and very complex development.
On the other hand, the development of a product like this will require a lot of money, more rounds of investment will be needed - and much larger than this one. The team is well connected internationally and it probably wouldn't be difficult to raise these rounds with foreign funds, but the global financial situation can always affect it.