Biotech entity

Terns Pharmaceuticals

Company

Of the tracked stories, 2 of 3 also mention Keytruda, the most common co-covered peer. Across a 151-day span, the pace is roughly 0.1 stories per week. The busiest single day carried 2. The clearest coverage concentration is acquisition: 2 of 3 stories, with the rest divided among 1 other category.

Last mentioned: 1d ago

Entity pulse

Recent coverage · Terns Pharmaceuticals

3 stories
7.3 avg impact
100% positive
0% negative

Coverage balance Positive coverage leads. Positive coverage exceeds negative coverage by 100 percentage points.

  • 100% positive

Figures are computed live from our source-verified story record — see our methodology for how impact and sentiment are derived.

What the coverage shows about Terns Pharmaceuticals

Of the tracked stories, 2 of 3 also mention Keytruda, the most common co-covered peer. Across a 151-day span, the pace is roughly 0.1 stories per week. The busiest single day carried 2. The clearest coverage concentration is acquisition: 2 of 3 stories, with the rest divided among 1 other category. Source depth averages 2 original sources per story, versus 3.7 across the same-window beat baseline. Their average consequence score of 7.3 runs above the beat's 6.2 for that window. Terns Pharmaceuticals appears in 3 tracked Biotech stories published from March 25, 2026 through August 22, 2026.

Stories tracked
3
Per week
0.1
Sources per story
2

Computed from the 3 stories linked to this entity, with beat comparisons drawn from all 321 Biotech stories published in the same date window. Shares are omitted below five stories and comparisons below a twenty-story baseline.

Coverage cohort

Appears alongside

Other entities that clear the same relevance threshold in stories also covering Terns Pharmaceuticals. Shared-story counts are live from our verified record — not editorial picks.

Timeline

  1. Keytruda Patent Expiry

    Merck faces biosimilar competition for its top-selling immunotherapy drug.

  2. TERN-701 Data Readout

    Key clinical milestones for the leukemia candidate are expected to drive valuation.

  3. Argus raises Merck price target

    Argus lifts its Merck target from $130 to $145 with a Buy rating, citing pipeline depth and clinical progress.

  4. Merck discloses Evaxion stake

    Merck reports holding 1,214,126 shares of Evaxion A/S in a regulatory filing.

  5. Expected Closing

    The deal is anticipated to close following regulatory approvals and Terns shareholder vote.

  6. Acquisition Announced

    Merck and Terns Pharmaceuticals sign a definitive agreement for a $6.7B buyout.

  7. Merck exercises EVX-B3 option

    Merck decides to in-license Evaxion's discovery-stage AI-derived vaccine candidate EVX-B3 against an undisclosed bacterial pathogen.

  8. Prometheus Acquisition

    Merck buys Prometheus Biosciences for $10.8 billion to bolster its immunology pipeline.

  9. Acceleron Acquisition

    Merck acquires Acceleron Pharma for $11.5 billion to expand in cardiovascular disease.

Stories mentioning Terns Pharmaceuticals 3

Pharma Positive

Merck's EVX-B3 Option Turns 1.2M Evaxion Stake Into Validation

Merck's option to in-license Evaxion's EVX-B3 vaccine candidate, combined with a 1.21 million-share stake, provides early validation for the biotech's AI antigen discovery platform. For biotech investors, the deal is a discovery-stage bet with long clinical timelines.

2 sources
Acquisitions Positive

Merck to Acquire Terns for $6.7B to Mitigate Keytruda Patent Cliff

Merck has entered into a definitive agreement to acquire Terns Pharmaceuticals for $6.7 billion in cash, a strategic move to diversify its oncology pipeline. The deal centers on Terns' promising leukemia candidate, TERN-701, as Merck prepares for the 2028 patent expiration of its blockbuster immunotherapy, Keytruda.

2 sources

Terns Pharmaceuticals is linked from 3 stories on this site, each scored at or above our 35% relevance threshold — see how these pages are built.

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