Drug Development ProgressTERN is developing TERN-701, an allosteric BCR-ABL1 inhibitor for the treatment of CML, with potential to be similar to, if not better than, Novartis' Scemblix/asciminib.
Financial HealthThe company's cash runway remains sufficient to sustain operations into 2026, allowing them to pursue their strategic goals without immediate financial pressure.
Market OpportunityEli Lilly announced highly anticipated, positive top-line data from SURMOUNT-OSA Study, which could indicate broader use and benefits for GLP-1 class drugs, enhancing the commercial opportunity for TERN's oral GLP-1 program.