Shares of Tempest Therapeutics Inc. (TPST) experienced an unprecedented surge of over 1,900% on Wednesday following the release of study results for their groundbreaking investigational cancer treatment, TPST-1120, in liver cancer patients.
A New Hope for Liver Cancer Patients
Tempest Therapeutics announced that their drug candidate, in combination with Roche Holding AG’s treatments Tecentriq and Avastin, has demonstrated remarkable clinical superiority as a first-line treatment for unresectable or metastatic hepatocellular carcinoma – a prevalent type of liver cancer.
According to Tempest’s release on Wednesday, patients who received the triple therapy exhibited a median progression-free survival of seven months, surpassing the 4.3-month period reported for those who received only Tecentriq and Avastin.
Addressing the Urgency of Liver Cancer
Hepatocellular carcinoma is an aggressive form of cancer that experts predict will become the third leading cause of cancer death by 2030. The breakthrough findings from Tempest Therapeutics bring hope to the field of liver cancer treatment and offer new possibilities for patients battling this life-threatening disease.
Protecting Long-Term Investments
In addition to their groundbreaking study results, Tempest Therapeutics also announced the implementation of a limited duration stockholder rights plan, commonly known as a “poison pill.” This plan is triggered only if an entity proposes to acquire 10% or more of the company’s outstanding common stock.
Tempest clarified that this measure was not enacted in response to any specific takeover threat but rather aims to ensure that all stockholders have the opportunity to realize the long-term value of their investment.
Tempest Shares Soar, Continuing Year-to-Date Growth
Throughout the year, Tempest shares have seen a remarkable increase of 263%. In contrast, the S&P 500 has only seen growth of 13.4% in the same period.
Tempest Therapeutics’ incredible progress in the development of their investigational cancer treatment, TPST-1120, highlights a new beacon of hope for liver cancer patients. With their clinical superiority and commitment to protecting stockholders, Tempest continues to make waves in the pharmaceutical industry.