Tech Company Financing Transactions
Terns Pharmaceuticals Funding Round
On 1/6/2021, Terns Pharmaceuticals raised $87 million in Series C funding from Deerfield Capital, Eli Lilly and Company and Lilly Asia Ventures.
Transaction Overview
Company Name
Announced On
1/6/2021
Transaction Type
Venture Equity
Amount
$87,000,000
Round
Series C
Investors
Proceeds Purpose
Terns plans to use the proceeds to advance clinical trials across its NASH pipeline and anticipates the following clinical milestones for its three lead NASH programs: TERN-101; TERN-201 and TERN-501.
Company Information
Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
1065 East Hillsdale Blvd. 100
Foster City, CA 94404
USA
Foster City, CA 94404
USA
Phone
Website
Email Address
Overview
Terns Pharmaceuticals is a global biopharmaceutical company committed to discovering and developing molecularly-targeted, oral, small molecule drugs to treat liver disease and cancer. The company combines expertise in disease biology and medicinal chemistry with a capital-efficient drug discovery model and extensive clinical development capabilities in China.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Senthil Sundaram
Chief Financial Officer
Mark Vignola
Chief Medical Officer
Erin Quirk
Chief Operating Officer
Bryan Yoon
Chief Scientific Officer
Weidong Zhong
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