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TPST Stock Plummets After Inking Deal To Acquire CAR-T Programs From Privately-Held Firm In All-Stock Transaction

2026-04-26 09:56:35

Abstract generation in progress

Tempest Therapeutics’ stock (TPST) crashed following its announcement to acquire two preclinical CAR-T programs from a privately held biotechnology company in an all-stock transaction. The deal, which includes a leading program for relapsed/refractory multiple myeloma, could be worth up to $225 million in milestone payments. This news overshadowed the positive clinical update on TPST-1120 for cholangiocarcinoma.

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