Shares of Tempest Therapeutics Inc (NASDAQ:TPST) rose sharply in pre-market trading after the California-based clinical-stage biotechnology company announced an exclusive option agreement with Hebei Senlang Biotechnology Co., Ltd.

According to the announcement, the agreement gives Tempest an exclusive option to license Senlang’s CD7-targeted lentiviral vector platform and its in vivo CAR-T pipeline, including a BCMA/GPRC5D dual-targeting candidate in Phase 1 trials for relapsed or refractory multiple myeloma.

Tempest Therapeutics shares jumped 49.6% to $1.13 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

• Megan Holdings Ltd (NASDAQ:MGN) gained 97% to $0.25 in pre-market trading after dipping over 27% on Tuesday.
• Synergy CHC Corp (NASDAQ:SNYR) rose 60.6% to $0.13 in pre-market trading after dipping around 10% on Tuesday. Synergy CHC recently announced it filed for Chapter 11 Bankruptcy.
• DataMeds AI Inc (NASDAQ:MEDS) gained 59.9% to $2.59 in pre-market trading following the announcement that it completed the acquisition of Helomics Corp., an AI-driven cancer diagnostics laboratory, from Axe Compute Inc. (NASDAQ:AGPU).
• ReTo Eco-Solutions Inc (NASDAQ:RETO) rose 32.8% to $3.72 in pre-market trading after jumping 676% on Tuesday.
• Jinxin Technology Holding Co (NASDAQ:NAMI) rose 31.1% to $2.99 in pre-market trading. Jinxin Technology shares jumped around 27% on Tuesday after the company announced an economic interest transfer agreement with HK EDUCATION and Yuanwei Network.
• Greenwave Technology Solutions Inc (NASDAQ:GWAV) gained 23.7% to $3.29 in pre-market trading after falling 16% on Tuesday.
• Einride AB (NASDAQ:ENRD) gained 13.3% to $4.25 in pre-market trading. Canaccord Genuity analyst George Gianarikas, on Tuesday, initiated coverage on Einride with a Buy rating and announced a price target of $8.
• Bausch Health Companies Inc (NYSE:BHC) rose 10.1% to $6.24 in pre-market trading after declining 4% on Tuesday.
• Polestar Automotive Holding Uk Plc (NASDAQ:PSNY) gained 7.4% to $7.86 in pre-market trading.

Losers

• First Breach Inc. (NASDAQ:FBDT) tumbled 27.7% to $0.72 in pre-market trading. First Breach shares jumped 56% on Tuesday after the company announced it secured a Type 23 Federal Explosives License from the Bureau of Alcohol, Tobacco, Firearms and Explosives.
• Cuprina Holdings (Cayman) Ltd (NASDAQ:CUPR) fell 23.2% to $2.25 in pre-market trading after dropping 8% on Tuesday.
• Advasa Holdings (NASDAQ:ADBT) fell 17.6% to $0.10 in pre-market trading after jumping over 30% on Tuesday.
• Huachen AI Parking Management Technology (NASDAQ:HCAI) fell 17.5% to $0.50 in pre-market trading. Huachen AI Parking Management Technology shares dipped around 67% on Tuesday after the company announced the pricing of $2.75 million registered direct offering.
• Cheetah Net Supply Chain Service Inc (NASDAQ:CTNT) fell 16.3% to $0.052 in pre-market trading. Cheetah Net Supply Chain Services shares dipped 59% on Tuesday after the company announced it has entered into a Membership Interest Purchase Agreement to acquire 100% of the membership interests of JoyPak Supply.
• iPower Inc (NASDAQ:IPW) declined 14.8% to $2.24 in pre-market trading after jumping 36% on Tuesday.
• Raytech Holding Ltd (NASDAQ:ATTT) fell 14.4% to $2.32 in pre-market trading.
• J B Hunt Transport Services Inc (NASDAQ:JBHT) fell 9.6% to $246.90 in pre-market trading.
• Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) fell 8% to $1.85 in pre-market trading.
• Beta Bionics Inc (NASDAQ:BBNX) fell 7.1% to $17.87 in pre-market trading after the company reported the pricing of public offering of common stock and pre-funded warrants.

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