Financial ConstraintsAt the end of 2024, Tempest had cash and equivalents of $30.3 million, which will support start-up costs of the Phase III trial with amezalpat.
Funding Environment ChallengesTempest is seeking to explore strategic alternatives to advance its pipeline of clinical stage oncology assets due to a dire funding environment and regulatory uncertainty.
Funding NeedsTempest will still require a sizable cash infusion to fully support Phase 3 development, which is estimated to cost approximately $100 million.