Terns Pharmaceuticals Prices Upsized Offering of 16.25 Million Shares at $40 Each, Raising $650 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2025
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Source: Globenewswire
- Upsized Offering: Terns Pharmaceuticals announced the pricing of 16.25 million shares at $40 each, raising approximately $650 million, which will significantly bolster funding for research and clinical trials.
- Future Development Funding: The proceeds will be allocated to the research, clinical trials, and manufacturing preparations for key product candidate TERN-701, aiming to lay the groundwork for its potential commercial launch and enhance the company's market competitiveness.
- Underwriter Selection: Jefferies, TD Cowen, and Leerink Partners are acting as lead underwriters for this offering, reflecting strong market confidence in Terns while providing professional capital market support to the company.
- Compliance Registration: The securities offered have been registered with the SEC, ensuring compliance and providing transparent disclosures to investors, which further enhances investor trust in the offering.
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Analyst Views on TERN
Wall Street analysts forecast TERN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TERN is 53.75 USD with a low forecast of 35.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 34.200
Low
35.00
Averages
53.75
High
60.00
Current: 34.200
Low
35.00
Averages
53.75
High
60.00
About TERN
Terns Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company. The Company is engaged in developing a portfolio of small-molecule product candidates to address serious diseases, including oncology and obesity. Its product candidates in pipeline includes TERN-701, TERN-601 and TERN-501. TERN-701 is its oral, potent, allosteric BCR-ABL tyrosine kinase inhibitors (TKI) specifically targeting the ABL myristoyl pocket for CML, a form of cancer that begins in the bone marrow and leads to the growth of leukemic cells. TERN-601 is a small-molecule glucagon-like peptide-1 receptor (GLP-1R) agonist that is intended to be orally administered for obesity. TERN-501 is a thyroid hormone receptor beta (THR-b) agonist with high metabolic dysfunction-associated steatohepatitis (MASH). It is also focused on developing the TERN-800 series of small-molecule glucose-dependent insulinotropic polypeptide receptor (GIPR) modulators for obesity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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