All-stock acquisition includes clinical-stage CD19/BCMA Dual-CAR T programAcquisition will expand existing advanced clinical-stage pipeline of amezalpat (PPAR⍺ Antagonist, Phase 3-ready) and TPST-1495 (Dual Ep2/4 Antagonist, Phase 2 start expected near term)The anticipated preclosing equity financing and an investment commitment from Factor Bioscience is expected to extend Tempest’s runway to mid 2027 and through potentially significant milestonesPlan to proceed with execution of globally approved protocol ...

Core Viewpoint - Tempest Therapeutics, Inc. is focused on maximizing shareholder value through strategic alternatives while advancing its clinical pipeline, particularly the TPST-1495 Phase 2 trial in collaboration with the NCI [2][6]. Financial Results - As of September 30, 2025, Tempest reported cash and cash equivalents of $7.5 million, a decrease from $30.3 million on December 31, 2024, primarily due to cash used in operating activities [6][9]. - The net loss for the third quarter of 2025 was $3.5 million, or $0.79 per share, compared to a net loss of $10.6 million, or $5.32 per share, for the same period in 2024 [6][12]. - Research and development expenses for the quarter were $0.6 million, significantly lower than $7.6 million in the same quarter of 2024, reflecting a strategic re-prioritization [6][12]. - General and administrative expenses remained stable at $3.0 million for the quarter, consistent with the same period in 2024 [6][12]. - For the nine months ended September 30, 2025, the net loss was $22.2 million, or $5.71 per share, compared to $28.0 million, or $15.48 per share, for the same period in 2024 [6][12]. Company Overview - Tempest Therapeutics is a clinical-stage biotechnology company based in Brisbane, California, focusing on developing small molecule product candidates with tumor-targeted and immune-mediated mechanisms to treat various cancers [4].

Core Viewpoint - Tempest Therapeutics presented new data at the 2025 AACR Annual Meeting supporting the immune-mediated anti-cancer activity of amezalpat, reinforcing its potential as a novel cancer treatment [1][2]. Group 1: Amezalpat's Mechanism and Efficacy - Amezalpat reduces tumor-promoting immunosuppression by M2 macrophages and T regulatory cells, leading to immune activation [2]. - The drug is an inhibitor of PPAR-alpha, which regulates fatty acid oxidation, a pathway utilized by immunosuppressive cells associated with poor cancer prognosis [2]. - Clinical data indicate that amezalpat shows superiority in overall survival when combined with atezolizumab and bevacizumab in advanced HCC patients compared to standard care [3]. Group 2: Company Overview - Tempest Therapeutics is a clinical-stage biotechnology company focused on developing small molecule therapeutics with tumor-targeted and immune-mediated mechanisms [4]. - The company is headquartered in Brisbane, California, and is advancing a diverse portfolio of product candidates aimed at treating various tumors [4].