10/21/2021 | Press release | Distributed by Public on 10/21/2021 08:05
William Blair initiated research coverage of Tempest Therapeutics, Inc. (TPST $13.96), which is developing a pipeline of small-molecule therapies for novel disease targets, including TPST-1495, a dual EP2/EP4 antagonist, to treat prostaglandin-driven cancers.
Analyst Matt Phipps noted the potential of Tempest's pipeline of first-in-class targeted oncology programs, TPST-1495 and TPST-1120.
"We believe there is compelling translational and clinical data showing PIK3CA-mutated tumors use PGE2-mediated immune suppression, and survival benefits have been seen across numerous clinical studies by blocking PGE2 production with NSAIDs, particularly in PIK3CA-mutated colorectal cancer (CRC) and squamous cell carcinoma of the head and neck (SCCHN)," he said. "This provides strong rationale for evaluating TPST-1495, a dual antagonist of two key immuno-suppressive PGE2 receptors, EP2 and EP4, in these tumor types. Tempest is evaluating TPST-1495 in a monotherapy dose-finding study with plans to open a PD-1 combination study and expansion in specific cohorts, including PIK3CA-mutated tumors, in coming months."
He added, "Tempest is also trialing the first-in-clinic PPARα inhibitor TPST-1120 in a Phase I/Ib study as both monotherapy and in combination with Opdivo, as well as in a randomized Phase Ib/II study in first-line hepatocellular carcinoma (HCC) in collaboration with Roche. Initial Phase I data showed a deep partial response in combination with Opdivo in a renal cell carcinoma patient previously treated with Opdivo plus Yervoy. We believe the addition of TPST-1120 on top of standard of care in the first-line HCC setting provides a promising opportunity to jump straight to frontline treatment, although initial efficacy data is not expected until 2023."
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