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Tempest Secures Exclusive Option to License Clinical-Stage CD7-Targeted Lentiviral In Vivo CAR-T Platform

Tempest gains an exclusive option on a clinical-stage in vivo CAR-T lentiviral platform that complements its planned CD7-targeted LNP program.

(Positive)
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Tempest Therapeutics (TPST) entered an exclusive option agreement with Hebei Senlang Biotechnology for a CD7-targeted lentiviral in vivo CAR-T platform and associated product candidates. The portfolio includes a BCMA/GPRC5D dual-targeting in vivo CAR-T program in Phase 1 dose escalation for relapsed/refractory multiple myeloma.

Early clinical observations at the current highest evaluable dose show successful in vivo CAR-T generation and expansion, with no Grade 3 or higher cytokine release syndrome and no immune effector cell-associated neurotoxicity syndrome observed as of August 25, 2026. The initial safety profile supports continued dose escalation, with enrollment and follow-up ongoing. Tempest expects the lentiviral platform, if the option is exercised, to complement its CD7-targeted lipid nanoparticle in vivo CAR-T platform, which is planned to enter the clinic later in 2026, expanding its immune reset portfolio in hematologic malignancies and autoimmune diseases.

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Positive

  • Exclusive option on CD7-targeted lentiviral platform covering multiple in vivo CAR-T candidates for hematologic malignancies and autoimmune diseases
  • Lead BCMA/GPRC5D in vivo CAR-T candidate already in Phase 1 dose escalation for relapsed/refractory multiple myeloma
  • Early Phase 1 data show successful in vivo CAR-T generation and expansion at the current highest evaluable dose
  • No Grade 3 or higher CRS and no ICANS observed as of August 25, 2026, supporting continued dose escalation
  • Two distinct in vivo CAR-T delivery platforms (targeted LNP and targeted lentiviral vectors) intended to broaden Tempest’s immune reset portfolio

Negative

  • None.
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+42.97% vs previous close $1.08 last price 48.9x rel. volume Open Argus
Details

Market reaction after CD7 platform partnership: TPST +42.97%

+107.2% Peak in 18 min
$0.74 $1.69 Day Range
$17.86M Market Cap

Following this news, TPST has gained 42.97%, reflecting a significant positive market reaction. Argus tracked a peak move of +107.2% during the session. Our momentum scanner has triggered 69 alerts so far, indicating high trading interest and price volatility. The stock is currently trading at $1.08. Trading volume is exceptionally heavy at 48.9x the average, suggesting very strong buying interest.

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Market Context

The July 21 Senlang collaboration had a 3.97% 24-hour reaction and included an exclusive option for ...
Analysis

The July 21 Senlang collaboration had a 3.97% 24-hour reaction and included an exclusive option for China rights; this announcement concerned an exclusive option on Senlang’s CD7-targeted lentiviral platform.

Key Figures

Clinical stage: Phase 1 Grade 3+ cytokine release syndrome: No Grade 3 or higher observed Immune effector cell-associated neurotoxicity syndrome: No Grade 3 or higher observed
Clinical stage
Phase 1
BCMA/GPRC5D dual-targeting in vivo CAR-T candidate
Grade 3+ cytokine release syndrome
No Grade 3 or higher observed
As of August 25, 2026, at the current highest evaluable dose
Immune effector cell-associated neurotoxicity syndrome
No Grade 3 or higher observed
As of August 25, 2026, at the current highest evaluable dose

Historical Context

1 past event · Latest: Jul 21
1 event
  1. Jul 21

    Senlang collaboration

    24h Move
    +4.0%

    Senlang collaboration included an exclusive option for China commercialization rights

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

exclusive option agreement, lentiviral vector, dose escalation, cytokine release syndrome, +1 more
5 terms
exclusive option agreement financial
"today announced that it has entered into an exclusive option agreement"
An exclusive option agreement is a contract that gives one party the sole right, for a set period, to buy, license or enter into a future deal with another party while preventing the seller from negotiating with others. Think of it like placing a refundable deposit to reserve the right to buy a house before you decide; for investors, it can preserve a potential growth or revenue opportunity, limit competition, and create value or uncertainty depending on whether the option is exercised.
lentiviral vector technical
"CD7-targeted lentiviral vector platform and a portfolio"
A lentiviral vector is a laboratory-modified virus used to deliver therapeutic genes into cells, acting like a tiny postal service that inserts new instructions into target cells so they can produce missing or corrected proteins. Investors care because these vectors are a key delivery tool in many gene and cell therapies; their safety, efficiency, manufacturing scalability, and regulatory approval can make or break a treatment’s commercial potential.
dose escalation medical
"currently in Phase 1 dose escalation for relapsed/refractory multiple myeloma"
Dose escalation is the process of gradually increasing the amount of a treatment or substance over time. In finance, it can refer to slowly raising investments or commitments to manage risk and assess performance. For investors, understanding dose escalation helps gauge how companies or strategies adjust their approaches, which can impact future growth or stability.
cytokine release syndrome medical
"no Grade 3 or higher cytokine release syndrome"
An intense immune overreaction in which the body's defense system releases a large surge of signaling proteins, causing fever, low blood pressure, breathing trouble or organ stress; imagine the immune system's alarm going into overdrive and flooding the body with emergency responders. Investors care because this side effect can slow or block regulatory approval, increase clinical trial costs and liabilities, limit how widely a therapy can be used, and therefore affect a drug's market value and sales potential.
immune effector cell-associated neurotoxicity syndrome medical
"no immune effector cell-associated neurotoxicity syndrome were observed"
immune effector cell-associated neurotoxicity syndrome (ICANS) is a brain-related side effect that can occur after treatments that activate powerful immune cells, such as engineered cell therapies. It can cause confusion, speech problems, seizures or coma when the immune response unintentionally harms brain function; think of an overenthusiastic security system that starts damaging the house it’s protecting. Investors care because ICANS affects clinical trial results, regulatory approvals, product labeling, treatment adoption, monitoring costs and potential liability, all of which influence a therapy’s commercial value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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-Transaction complements Tempest’s existing CD7-targeted lipid nanoparticle in vivo CAR-T delivery platform, which is planned to enter the clinic later this year

-Lead BCMA/GPRC5D dual-targeting in vivo CAR-T candidate is in Phase 1 dose escalation for relapsed/refractory multiple myeloma

-Early clinical observations demonstrate in vivo CAR-T generation and expansion at the current highest evaluable dose, with an initial safety profile supporting continued dose escalation

-Additional pipeline candidates would expand Tempest’s immune reset portfolio across hematologic malignancies and autoimmune diseases

BRISBANE, Calif., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Tempest Therapeutics, Inc. (Nasdaq: TPST) (“Tempest”), a clinical-stage biotechnology company developing in vivo CAR-T therapies designed to reset dysfunctional immunity in cancer and autoimmune disease, today announced that it has entered into an exclusive option agreement with Hebei Senlang Biotechnology Co., Ltd. (“Senlang”).

The agreement provides Tempest with an exclusive option to license Senlang’s CD7-targeted lentiviral vector platform and a portfolio of in vivo CAR-T product candidates. The portfolio includes a BCMA/GPRC5D dual-targeting in vivo CAR-T candidate currently in Phase 1 dose escalation for relapsed/refractory multiple myeloma, as well as additional candidates for hematologic malignancies and autoimmune diseases.

“This agreement represents an important step in building Tempest as a multi-platform in vivo CAR-T company focused on immune reset for oncology and autoimmune indications,” said Matt Angel, Ph.D., President and Chief Executive Officer of Tempest. “Upon exercise of the option, the CD7-targeted lentiviral platform would complement our targeted LNP platform, providing two distinct approaches to generating CAR-T cells directly within patients. The lead program is currently in clinical development and has demonstrated in vivo CAR-T generation and expansion, providing encouraging early clinical support.”

Senlang’s proprietary platform uses targeted lentiviral vectors to deliver CAR transgenes to endogenous CD7-positive T cells and natural killer cells, generating CAR-T and CAR-NK cells directly within the patient. The approach is designed to avoid the individualized cell collection and external manufacturing required for conventional autologous CAR-T therapy. The lead program encodes a dual-targeting CAR directed against BCMA and GPRC5D, two clinically validated targets in multiple myeloma. Targeting both antigens may broaden malignant plasma-cell coverage and reduce the potential for tumor escape associated with the loss or downregulation of a single antigen.

The candidate is currently being evaluated in an ongoing Phase 1 dose-escalation study in patients with relapsed/refractory multiple myeloma. Early clinical observations at the current highest evaluable dose demonstrate successful generation and expansion of CAR-T cells in vivo. As of August 25, 2026, no Grade 3 or higher cytokine release syndrome and no immune effector cell-associated neurotoxicity syndrome were observed. The initial safety profile supports continued dose escalation, and patient enrollment and follow-up remain ongoing.

“Together, our targeted LNP and targeted lentiviral vector platforms are intended to support a broad portfolio of immune reset therapies,” said Dr. Angel. “The LNP platform offers a potentially repeatable approach to transient CAR expression, while the lentiviral platform is designed to support durable CAR-cell generation. These complementary capabilities provide Tempest with the flexibility to match the delivery approach to the biology and treatment requirements of different cancers and autoimmune diseases.”

Tempest and Senlang will continue to evaluate the Phase 1 results and the broader product portfolio during the option period. Tempest expects to provide additional information regarding the program as the clinical data mature.

About Senlang’s CD-7-Directed Lentiviral Platform

Senlang has a pipeline of in vivo CAR-T cell programs utilizing its CD7-directed lentiviral platform, which is designed to selectively deliver CAR payloads to endogenous CD7-positive T cells and NK cells, enabling in vivo generation of antigen-directed CAR immune cells. Proprietary nanobody-based retargeting promotes selective cell engagement and efficient transduction, while an engineered detargeted cocal envelope is intended to improve serum resistance, particle stability, and functional delivery in the bloodstream. Producer-cell engineering adds an immune-shielding feature to the lentiviral delivery particles, helping them remain functional longer in the bloodstream and improving delivery to CD7-positive immune cells. In preclinical studies, the platform demonstrated enhanced transduction in whole blood and resting PBMCs, and a single low-dose administration produced efficient in vivo transduction, rapid CAR-cell expansion, tumor-site enrichment, and durable tumor regression in mouse models.

About Tempest Therapeutics

Tempest is a clinical-stage biotechnology company developing next-generation in vivo CAR-T therapies for cancer and autoimmune disease. Tempest’s lead product candidate, TPST-4003, combines a clinically supported dual-targeting CD19/BCMA CAR structure with an advanced CD7-targeting delivery system to support broad immune reset across multiple indications. Tempest envisions a world in which immune reset therapies bring safe, effective, and broadly accessible therapeutic options to patients in need. For additional information, visit Tempest’s website at https://www.tempesttx.com.

About Hebei Senlang Biotechnology

Hebei Senlang Biotechnology Co., Ltd., is a clinical-stage cell therapy company focused on next-generation CAR-T technologies, with specialized expertise in CD7-targeted CAR-T development. Senlang has established end-to-end capabilities spanning CAR design, vector and plasmid development, GMP manufacturing and clinical trial execution, and is currently advancing multiple CD7 CAR-T programs, including a pivotal CD7 CAR-T clinical trial for relapsed or refractory T-cell lymphoblastic lymphoma/leukemia (“T-LBL/ALL”).

Forward-Looking Statements

This press release contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, concerning Tempest. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the management of Tempest, as well as assumptions made by, and information currently available to, management of Tempest. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “could”, “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend,” “goal”, “suggest”, “target” and other similar expressions. All statements that are not historical facts are forward-looking statements, including but not limited to, statements regarding: Tempest’s exclusive option with Senlang and the advancement, development, design and potential benefits of a BCMA/GPRC5D dual-targeting in vivo CAR-T therapy; the Phase 1 dose escalation trial, including the expected patient population, indications, number of patients, and expected assessments; the potential negotiation and entry into a definitive license agreement with Senlang; the potential ability of BCMA/GPRC5D dual-targeting in vivo CAR-T therapy to enable broad tumor-antigen coverage, strengthen target-cell recognition, and support durable responses; the potential applicability of Tempest’s platform and product candidates across autoimmune and oncology indications; and Tempest’s ability to achieve its operational plans. All forward-looking statements in this press release are based on Tempest’s current expectations, estimates and projections about its industry as well as management’s current beliefs and expectations of future events only as of today and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to Tempest’s need for additional capital to fund its planned programs and operations and to continue to operate as a going concern; unexpected safety or efficacy data observed during preclinical or clinical trials; the possibility that results from prior clinical trials and preclinical studies may not necessarily be predictive of future results; past results may not be indicative of future results; clinical trial site activation or enrollment rates that are lower than expected; loss of key personnel; changes in expected or existing competition; changes in the regulatory environment; risks relating to volatility and uncertainty in the capital markets for biotechnology companies; and unexpected litigation or other disputes. These and other factors that may cause actual results to differ from those expressed or implied are discussed in greater detail in the “Risk Factors” section of Tempest's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on March 30, 2026, and in other documents filed by Tempest from time to time with the SEC. Except as required by applicable law, Tempest undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing Tempest’s views as of any date subsequent to the date of this press release and should not be relied upon as prediction of future events. In light of the foregoing, investors are urged not to rely on any forward-looking statement in reaching any conclusion or making any investment decision about any securities of Tempest.

Investor Contacts:

Sylvia Wheeler
Wheelhouse Life Science Advisors
swheeler@wheelhouselsa.com

Aljanae Reynolds
Wheelhouse Life Science Advisors
areynolds@wheelhouselsa.com


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Tempest’s exclusive option agreement with Senlang cover?

The agreement grants Tempest an exclusive option to license Senlang’s CD7-targeted lentiviral vector platform and a portfolio of in vivo CAR-T product candidates. This portfolio includes a BCMA/GPRC5D dual-targeting in vivo CAR-T candidate for relapsed/refractory multiple myeloma and additional candidates aimed at hematologic malignancies and autoimmune diseases.

How does Senlang’s lentiviral in vivo CAR-T platform work?

Senlang’s platform uses targeted lentiviral vectors to deliver CAR transgenes to endogenous CD7-positive T cells and natural killer cells, generating CAR-T and CAR-NK cells directly within the patient. This approach is designed to avoid individualized cell collection and external manufacturing that are required for conventional autologous CAR-T therapies.

What are the key features of the lead BCMA/GPRC5D in vivo CAR-T candidate?

The lead program encodes a dual-targeting CAR directed against BCMA and GPRC5D, two clinically validated targets in multiple myeloma. Targeting both antigens is intended to broaden malignant plasma-cell coverage and reduce the potential for tumor escape related to loss or downregulation of a single antigen. The candidate is currently in an ongoing Phase 1 dose-escalation study in relapsed/refractory multiple myeloma.

What has been observed so far in the Phase 1 study of the BCMA/GPRC5D candidate?

In the ongoing Phase 1 dose-escalation study, early clinical observations at the current highest evaluable dose show successful in vivo generation and expansion of CAR-T cells. As of August 25, 2026, there have been no Grade 3 or higher cytokine release syndrome events and no immune effector cell-associated neurotoxicity syndrome reported. The initial safety profile supports continued dose escalation, with patient enrollment and follow-up ongoing.

How does the lentiviral platform complement Tempest’s existing LNP platform?

Tempest stated that its targeted LNP platform is intended to offer a potentially repeatable approach to transient CAR expression, while the lentiviral platform is designed to support more durable CAR-cell generation. Together, the company expects these complementary capabilities to provide flexibility to match delivery approaches to the biology and treatment needs of different cancers and autoimmune diseases.

What are the next steps Tempest and Senlang plan during the option period?

During the option period, Tempest and Senlang will continue to evaluate the Phase 1 results of the BCMA/GPRC5D program and assess the broader in vivo CAR-T product portfolio. Tempest expects to provide additional information about the program as the clinical data mature.

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