Tempest Receives Orphan Drug Designation from the U.S. Food and Drug Administration for Amezalpat to Treat Patients with Hepatocellular Carcinoma (HCC)
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Tempest Therapeutics, Inc. has received Orphan Drug Designation from the FDA for its drug amezalpat (TPST-1120) to treat hepatocellular carcinoma (HCC). This designation could provide benefits such as market exclusivity and tax credits.
January 06, 2025 | 1:15 pm
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Tempest Therapeutics has been granted Orphan Drug Designation by the FDA for amezalpat, which could lead to market exclusivity and tax benefits, potentially boosting the company's stock.
The Orphan Drug Designation is significant as it provides Tempest Therapeutics with potential market exclusivity and tax credits, which are beneficial for the company's financials and competitive position. This news is likely to positively impact the stock price in the short term.
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