800% In One Session - Why Is Cancer Focused Tempest Therapeutics Stock Soaring Today
Portfolio Pulse from Vandana Singh
Tempest Therapeutics Inc (NASDAQ:TPST) released new results from an ongoing Phase 1b/2 study of TPST-1120 in the treatment of patients with unresectable or metastatic hepatocellular carcinoma (HCC). The study shows TPST-1120's clinical superiority in multiple endpoints when combined with atezolizumab and bevacizumab. The confirmed objective response rate was 30% for the TPST-1120 arm versus 13.3% for the control arm. The progression-free survival was a median of 7 months for the TPST-1120 arm versus 4.27 months for the control arm. TPST shares are up 800.40% at $2.16 during the premarket session on the last check Wednesday.
October 11, 2023 | 1:24 pm
News sentiment analysis
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POSITIVE IMPACT
Tempest Therapeutics' TPST-1120 shows promising results in Phase 1b/2 study for HCC treatment, leading to a significant increase in TPST's stock price.
The positive results from the Phase 1b/2 study of TPST-1120 in the treatment of HCC have significantly boosted investor confidence in Tempest Therapeutics, leading to a sharp increase in the company's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100