H.C. Wainwright Says Targeted Oncology Therapies "Gives An Edge" To Tempest Therapeutics

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  • H.C. Wainwright has initiated coverage of Tempest Therapeutics Inc TPST with a Buy rating and $51 price target, seeing an upside potential of over 100%. 
  • A strategic portfolio of targeted therapies in oncology "gives Tempest an edge," analyst Joseph Pantginis tells investors in a research note. 
  • According to him, Tempest sets itself apart from other companies in the immuno-oncology space by shifting its focus to innovative targets and mechanisms.
  • Recently, Tempest began trading on the NASDAQ through a reverse merger with Millendo Therapeutics.
  • Sam Whiting, chief medical officer, will participate in a webcast panel titled "Developing Therapies for the Next Immuno-Oncology Targets" at the William Blair 2021 Biotech Focus Conference tomorrow.
  • Price Action: TPST shares are up 5.42% at $25.50 during the premarket session on the last check Tuesday.
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Posted In: BiotechNewsHealth CarePrice TargetInitiationAnalyst RatingsGeneralBriefs
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