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Terns Pharmaceuticals launched with $30mm Series A from Lilly Asia

Executive Summary

Terns Pharmaceuticals Inc. raised $30mm in Series A funding from Lilly Asia Ventures. The company was recently launched and is developing molecularly-targeted oral small-molecule candidates for liver diseases (including nonalcoholic steatohepatitis) and cancer. Terns is based in California and Shanghai, and intends to initially focus its drug development efforts on unmet medical needs in China.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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