8-K
filed November 12, 2024, 6:59 PM ET
ticker TERN
CIK 0001831363
earnings
confidence high
sentiment neutral
materiality 0.60
Terns Pharma Q3 net loss $21.9M; cash $372.8M; TERN-701 data Dec 2024, TERN-601 Phase 2 start 2Q25
Terns Pharmaceuticals, Inc.
2024-Q3 EPS reported
-$0.89
- Net loss of $21.9M ($0.28/share) vs $29.8M loss ($0.42) in Q3 2023; R&D $15.2M, G&A $9.8M.
- Cash, equivalents and marketable securities $372.8M (incl. $172.7M equity raise in Sep) providing runway into 2028.
- Interim Phase 1 CARDINAL data for TERN-701 (allosteric BCR-ABL TKI in CML) expected early December 2024.
- Phase 2 trial for TERN-601 (oral GLP-1R agonist for obesity) to start early 2Q25; initial 12-week data in 2H25.
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0000950170-24-125435
- form_type
- 8-K
- ticker
- TERN
- cik
- 0001831363
- company_name
- Terns Pharmaceuticals, Inc.
- filed_at
- 2024-11-12T23:59:59+00:00
- discovered_at
- 2026-05-14T18:03:09.901641+00:00
- generated_at
- 2026-05-30T02:10:51.661031+00:00
- sec_items
- ["2.02", "9.01"]
- event_type
- earnings
- sentiment
- neutral
- materiality_score
- 0.6
- calibrated_materiality_score
- 0.6
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0000950170-24-125435
- json_url
- https://secwatch.observer/filing/0000950170-24-125435.json
- markdown_url
- https://secwatch.observer/filing/0000950170-24-125435.md
- text_url
- https://secwatch.observer/filing/0000950170-24-125435.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1831363/000095017024125435/0000950170-24-125435-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1831363/000095017024125435/tern-20241112.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
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- human_reviewed
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- corrected
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- correction_note
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- correction_timestamp
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