Terns Pharmaceuticals' Oral GLP-1 Reaches Phase 1 Finish Line With Encouraging Weight Loss Data After One Month
Portfolio Pulse from Vandana Singh
Terns Pharmaceuticals announced positive Phase 1 trial results for its oral GLP-1 drug, TERN-601, showing significant weight loss in participants. The drug was well tolerated and demonstrated promising potential for treating obesity. TERN stock rose 14.6% in premarket trading.
September 09, 2024 | 1:24 pm
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Terns Pharmaceuticals' TERN-601 demonstrated significant weight loss in Phase 1 trials, showing potential as an obesity treatment. The drug was well tolerated, leading to a 14.6% increase in TERN stock premarket.
The positive Phase 1 trial results for TERN-601, showing significant weight loss and good tolerability, suggest strong potential for the drug in treating obesity. This has led to a significant premarket stock price increase, indicating investor optimism.
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