Fundz

Terns Pharmaceuticals Raises Capital in Underwritten Public Offering

TAKEN PRIVATEDec 11, 2025

Amount Raised

$650 Million

Round Type

Post-IPO Equity

Foster CityBiotechnologyHealthcareTherapeuticsPharmaceuticalBiopharma

Investors

Leerink Partners LLCTD Securities (USA) LLCJefferies LLC

Description

On December 9, 2025, Terns Pharmaceuticals, Inc. entered into an underwriting agreement for a public offering of 16,250,000 shares of its common stock. The underwriters were granted an option to purchase an additional 2,437,500 shares, which they exercised in full on December 10, 2025. This offering is aimed at strengthening the company's financial position and funding its ongoing development activities

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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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Predictive Intelligence
Strategic

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Terns Pharmaceuticals raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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