Terns Pharmaceuticals
Tracked across 2 events · 12 articles · First seen Jun 15, 2026 · Last active Aug 04, 2026
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Business
Merck reported second-quarter revenue of $16.61 billion, up 5% year-over-year and above analyst expectations, driven by strong sales of its cancer drug Pembrolizumab. Pembrolizumab sales rose 5% to $8.37 billion, including $463 million from the…
Impact: Terns was acquired by Merck, resulting in a $5.7 billion charge that caused a quarterly loss. The acquisition is part of Merck's pipeline expansion.
Aug 04, 2026 · 6 articles
Business
Impact: Andrew Gengos previously served as Chief Financial Officer and Head of Corporate Development at Terns Pharmaceuticals.
Jun 15, 2026 · 6 articles
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