Tempest Therapeutics, Inc. ( (TPST) ) has released its Q2 earnings. Here is a breakdown of the information Tempest Therapeutics, Inc. presented to its investors.
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Tempest Therapeutics, Inc. is a clinical-stage biotechnology company based in Brisbane, California, focused on developing innovative small molecule therapeutics targeting cancer through tumor-targeted and immune-mediated mechanisms.
In its latest earnings report, Tempest Therapeutics announced significant progress in its clinical oncology portfolio, including regulatory clearances in China, the U.S., and Europe for its amezalpat combination therapy for hepatocellular carcinoma (HCC). The company also reported financial results for the second quarter of 2025, highlighting efforts to maximize value for stockholders and patients.
Key financial highlights include a reduction in net loss to $7.9 million for the quarter, compared to $9.6 million in the same period last year, and a decrease in research and development expenses due to strategic re-prioritization. Tempest also strengthened its cash position through a $4.6 million registered direct offering, ending the quarter with $14.3 million in cash and cash equivalents.
Strategically, Tempest received orphan drug designations from both the FDA and EMA for its lead product candidates, amezalpat and TPST-1495, and announced cost-cutting measures to support its clinical programs. The company is actively exploring strategic alternatives to further advance its pipeline and enhance shareholder value.
Looking ahead, Tempest Therapeutics remains committed to advancing its clinical-stage programs and exploring strategic opportunities to maximize value for both stockholders and patients, while navigating the challenges of the biotechnology market.