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Tempest Changes The Atmosphere

 
• By Elizabeth Cairns and Edwin Elmhirst

An analysis of shareholders’ reactions to clinical data shows a generally dismal environment punctuated by a few huge positive moves.    

Shares Up

Investors’ reaction to the success of Tempest Therapeutics, Inc.’s liver cancer trial hit on 11 October was extraordinary – and a new analysis by Scrip shows just how extraordinary it was.

Key Takeaways
  • H2 2023 saw a few huge share price increases in response to clinical successes
  • But overall, failures are punished more harshly than hits are rewarded

    ...

The median share price rise in reaction to a company posting positive clinical data has sat at 37% over the past five years or so. But Tempest shareholders’ vast enthusiasm...

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