BUZZ-Terns Pharma rises as obesity drug cuts weight by 4.9% in early study

Reuters09-09

** Shares of drug developer Terns Pharmaceuticals rise 36.11% to $10.63 premarket

** Co says its experimental oral obesity drug showed average weight loss of 4.9% in comparison with placebo in an early-stage study

** Drug TERN-601, dosed once-daily, was tested in healthy obese or overweight adults in a two-part early-stage trial

** Co plans to initiate mid-stage trial in 2025

** Up to previous close, stock up 20.3% YTD

(Reporting by Sneha S K and Sriparna Roy in Bengaluru)

((Sneha.SK@thomsonreuters.com;))

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