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Terns Announces Closing of Public Offering of Shares of Common Stock and Pre-Funded Warrants

Sep 12, 2024•almost 2 years ago

Contract Type

partnership

Foster CityBiotechnologyHealthcareTherapeuticsPharmaceuticalBiopharma

Description

Terns Pharmaceuticals, Inc. has announced the closing of its previously announced underwritten public offering of shares of its common stock and pre-funded warrants. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Terns, are approximately $172.7 million.

Company Information

Company

Terns Pharmaceuticals

Location

Foster City, California, United States

About

Terns Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company developing a portfolio of small-molecule product candidates to address serious diseases, including oncology, obesity and NASH. Terns’ pipeline includes three clinical stage development programs including an allosteric BCR-ABL inhibitor, a small-molecule GLP-1 receptor agonist, and a THR-β agonist, and a preclinical GIPR modulator program. For more information, please visit: www.ternspharma.com.

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