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Tempest Therapeutics Inc (OQ:TPST)

Business Focus: Biotechnology & Medical Research

Sector:  Healthcare Industry:  Biotechnology & Medical Research
 
See Regulatory Filings on SEC
Company Contact
Address: 2000 SIERRA POINT PARKWAY, SUITE 400
BRISBANE CA 94005
Tel: N/A
Website: https://www.tempesttx.com
IR: See website
Key People
Stephen R. Brady
President, Chief Executive Officer, Director
Samuel Whiting
Executive Vice President, Chief Medical Officer, Head of Research and Development
Nicholas Maestas
Vice President - Finance, Corporate Secretary
Business Overview
Tempest Therapeutics, Inc. is a clinical-stage biotechnology company advancing a diverse portfolio of small molecule product candidates containing tumor-targeted and/or immune-mediated mechanisms with the potential to treat a range of tumors. Its two clinical-stage therapeutic product candidates are TPST-1120 and TPST-1495. TPST-1120 is a selective antagonist of peroxisome proliferator-activated receptor alpha (PPAR). The ongoing global randomized Phase Ib/II trial of TPST-1120 combined with the standard-of-care first-line regimen of atezolizumab and bevacizumab in patients with advanced or metastatic hepatocellular carcinoma (HCC). The Company's second clinical program, TPST-1495, a dual antagonist of the EP2 and EP4 receptors of prostaglandin E2, is in an ongoing Phase I combination trial in patients with endometrial cancer.
Financial Overview
For the three months ended 31 March 2024, Tempest Therapeutics Inc revenues was not reported. Net loss increased 4% to $7.9M. Higher net loss reflects Stock-based Compensation in SGA increase from $300K to $772K (expense), Stock-based Expenses in R&D increase from $146K to $546K (expense), Other general and administrative increase of 10% to $2.9M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.55 to -$0.36.