image
Healthcare - Biotechnology - NASDAQ - US
$ 6.17
-5.8 %
$ 524 M
Market Cap
-4.67
P/E
1. INTRINSIC VALUE

Terns Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, develops small-molecule single-agent and combination therapy candidates for the treatment of non-alcoholic steatohepatitis (NASH) and obesity. The company develops TERN-101, a liver-distributed and non-bile acid farnesoid X receptor agonist, which is in Phase IIa clinical trial for the treatment of NASH; and TERN-201, a vascular adhesion protein-1 inhibitor that is in Phase Ib clinical trial for the treatment of NASH. It also develops TERN-501, a thyroid hormone receptor beta agonist with enhanced liver distribution and metabolic stability that is in Phase I clinical trial for the treatment of NASH; and TERN-601, a small-molecule Glucagon-Like Peptide-1 receptor agonist program that is intended to orally be administered for NASH and metabolic diseases, such as obesity.[ Read More ]

The intrinsic value of one TERN stock under the base case scenario is HIDDEN Compared to the current market price of 6.17 USD, Terns Pharmaceuticals, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart TERN

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FINANCIALS
0 REVENUE
0.00%
-103 M OPERATING INCOME
-65.34%
-90.2 M NET INCOME
-49.49%
-67.4 M OPERATING CASH FLOW
-37.23%
-38 M INVESTING CASH FLOW
-70.56%
42 M FINANCING CASH FLOW
-74.95%
0 REVENUE
0.00%
-24.9 M OPERATING INCOME
2.34%
-21.9 M NET INCOME
3.48%
-16.5 M OPERATING CASH FLOW
-1.71%
31.8 M INVESTING CASH FLOW
-24.75%
163 M FINANCING CASH FLOW
40825.31%
Balance Sheet Decomposition Terns Pharmaceuticals, Inc.
image
Current Assets 267 M
Cash & Short-Term Investments 263 M
Receivables 0
Other Current Assets 3.99 M
Non-Current Assets 1.08 M
Long-Term Investments 0
PP&E 1.03 M
Other Non-Current Assets 56 K
Current Liabilities 11.9 M
Accounts Payable 2.52 M
Short-Term Debt 1.21 M
Other Current Liabilities 8.22 M
Non-Current Liabilities 1.21 M
Long-Term Debt 0
Other Non-Current Liabilities 1.21 M
EFFICIENCY
Earnings Waterfall Terns Pharmaceuticals, Inc.
image
Revenue 0
Cost Of Revenue 881 K
Gross Profit -881 K
Operating Expenses 103 M
Operating Income -103 M
Other Expenses -12.3 M
Net Income -90.2 M
RATIOS
0.00% GROSS MARGIN
0.00%
0.00% OPERATING MARGIN
0.00%
0.00% NET MARGIN
0.00%
-35.33% ROE
-35.33%
-33.60% ROA
-33.60%
-40.17% ROIC
-40.17%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Terns Pharmaceuticals, Inc.
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Net Income -90.2 M
Depreciation & Amortization 881 K
Capital Expenditures -52 K
Stock-Based Compensation 25.5 M
Change in Working Capital 1.29 M
Others -4.89 M
Free Cash Flow -67.4 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Terns Pharmaceuticals, Inc.
image
Wall Street analysts predict an average 1-year price target for TERN of $18.3 , with forecasts ranging from a low of $10 to a high of $26 .
TERN Lowest Price Target Wall Street Target
10 USD 62.07%
TERN Average Price Target Wall Street Target
18.3 USD 197.14%
TERN Highest Price Target Wall Street Target
26 USD 321.39%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Terns Pharmaceuticals, Inc.
image
Sold
0-3 MONTHS
282 K USD 2
3-6 MONTHS
1.38 M USD 3
6-9 MONTHS
2.8 M USD 1
9-12 MONTHS
0 USD 0
Bought
5 M USD 1
0-3 MONTHS
42.5 K USD 2
3-6 MONTHS
0 USD 0
6-9 MONTHS
5.62 K USD 2
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Sep 12, 2024
Bought 3 M USD
Lu Hongbo
Director
+ 285714
10.5 USD
2 months ago
Sep 12, 2024
Bought 2 M USD
Lu Hongbo
Director
+ 190476
10.5 USD
2 months ago
Sep 10, 2024
Sell 110 K USD
Vignola Mark J.
Chief Financial Officer
- 10000
11 USD
2 months ago
Sep 09, 2024
Sell 172 K USD
Quigley Jill M.
Director
- 17235
10 USD
3 months ago
Aug 01, 2024
Sell 47.1 K USD
Quigley Jill M.
Director
- 6143
7.6751 USD
3 months ago
Aug 02, 2024
Sell 66.4 K USD
Quigley Jill M.
Director
- 8857
7.5005 USD
4 months ago
Jul 15, 2024
Sell 394 K USD
GORDON CARL L
director, 10 percent owner:
- 39433
10 USD
4 months ago
Jul 16, 2024
Sell 40.1 K USD
GORDON CARL L
director, 10 percent owner:
- 4009
10 USD
4 months ago
Jul 15, 2024
Sell 54 K USD
GORDON CARL L
director, 10 percent owner:
- 5401
10 USD
4 months ago
Jul 16, 2024
Sell 5.56 K USD
GORDON CARL L
director, 10 percent owner:
- 556
10 USD
4 months ago
Jul 15, 2024
Sell 61.4 K USD
GORDON CARL L
director, 10 percent owner:
- 6142
10 USD
4 months ago
Jul 16, 2024
Sell 6.23 K USD
GORDON CARL L
director, 10 percent owner:
- 623
10 USD
4 months ago
Jul 15, 2024
Sell 394 K USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
- 39433
10 USD
4 months ago
Jul 16, 2024
Sell 40.1 K USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
- 4009
10 USD
4 months ago
Jul 15, 2024
Sell 54 K USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
- 5401
10 USD
4 months ago
Jul 16, 2024
Sell 5.56 K USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
- 556
10 USD
4 months ago
Jul 15, 2024
Sell 61.4 K USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
- 6142
10 USD
4 months ago
Jul 16, 2024
Sell 6.23 K USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
- 623
10 USD
4 months ago
Jul 15, 2024
Sell 144 K USD
Quigley Jill M.
Director
- 14365
10.0007 USD
4 months ago
Jul 16, 2024
Sell 4 K USD
Quigley Jill M.
Director
- 400
10 USD
5 months ago
May 31, 2024
Bought 21.3 K USD
Yoon Seokho Bryan
COO and General Counsel
+ 4791
4.44 USD
5 months ago
May 31, 2024
Bought 21.3 K USD
Vignola Mark J.
Chief Financial Officer
+ 4791
4.44 USD
7 months ago
Apr 01, 2024
Sell 952 K USD
Vivo Opportunity, LLC
10 percent owner
- 136255
6.99 USD
7 months ago
Apr 02, 2024
Sell 508 K USD
Vivo Opportunity, LLC
10 percent owner
- 76346
6.65 USD
7 months ago
Apr 03, 2024
Sell 644 K USD
Vivo Opportunity, LLC
10 percent owner
- 103870
6.2 USD
7 months ago
Apr 01, 2024
Sell 275 K USD
Vivo Opportunity, LLC
10 percent owner
- 39411
6.99 USD
7 months ago
Apr 02, 2024
Sell 147 K USD
Vivo Opportunity, LLC
10 percent owner
- 22084
6.65 USD
7 months ago
Apr 03, 2024
Sell 186 K USD
Vivo Opportunity, LLC
10 percent owner
- 30047
6.2 USD
7 months ago
Apr 01, 2024
Sell 38.1 K USD
Vivo Opportunity, LLC
10 percent owner
- 5451
6.99 USD
7 months ago
Apr 02, 2024
Sell 20.3 K USD
Vivo Opportunity, LLC
10 percent owner
- 3050
6.65 USD
7 months ago
Apr 03, 2024
Sell 25.7 K USD
Vivo Opportunity, LLC
10 percent owner
- 4149
6.2 USD
11 months ago
Nov 30, 2023
Bought 2.81 K USD
Yoon Seokho Bryan
COO and General Counsel
+ 743
3.78 USD
11 months ago
Nov 30, 2023
Bought 2.81 K USD
Vignola Mark J.
Chief Financial Officer
+ 743
3.78 USD
1 year ago
May 31, 2023
Bought 14.1 K USD
Vignola Mark J.
Chief Financial Officer
+ 9997
1.41 USD
1 year ago
May 31, 2023
Bought 14.1 K USD
Yoon Seokho Bryan
COO and General Counsel
+ 9997
1.41 USD
1 year ago
May 31, 2023
Bought 2.98 K USD
Sundaram Senthil Vel
Chief Executive Officer
+ 2111
1.41 USD
1 year ago
Nov 30, 2022
Bought 4.23 USD
Yoon Seokho Bryan
+ 3
1.41 USD
1 year ago
Nov 30, 2022
Bought 4.23 USD
Vignola Mark J.
+ 3
1.41 USD
1 year ago
Nov 30, 2022
Bought 4.23 USD
Sundaram Senthil Vel
+ 3
1.41 USD
1 year ago
Dec 23, 2022
Bought 1 M USD
ORBIMED ADVISORS LLC
Director
+ 137931
7.25 USD
1 year ago
Dec 23, 2022
Bought 1 M USD
GORDON CARL L
Director
+ 137931
7.25 USD
1 year ago
Dec 23, 2022
Bought 5.5 M USD
Vivo Opportunity, LLC
Director
+ 758620
7.25 USD
1 year ago
Dec 23, 2022
Bought 5.5 M USD
Lu Hongbo
Director
+ 758620
7.25 USD
1 year ago
Nov 23, 2022
Sell 1.83 M USD
LAV Biosciences Fund V, L.P.
Director
- 333334
5.5 USD
1 year ago
Nov 23, 2022
Sell 917 K USD
LAV Biosciences Fund V, L.P.
Director
- 166666
5.5 USD
1 year ago
Nov 23, 2022
Sell 5.5 M USD
LAV Biosciences Fund V, L.P.
Director
- 1000000
5.5 USD
2 years ago
Sep 07, 2022
Bought 2.16 M USD
Vivo Capital Surplus Fund VIII, L.P.
director:
+ 600000
3.6 USD
2 years ago
Sep 07, 2022
Bought 2.16 M USD
Vivo Opportunity, LLC
10 percent owner
+ 600000
3.6 USD
2 years ago
Sep 07, 2022
Bought 2.16 M USD
Lu Hongbo
director:
+ 600000
3.6 USD
2 years ago
Aug 16, 2022
Bought 5.98 M USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
+ 2470200
2.42 USD
2 years ago
Aug 16, 2022
Bought 1.11 M USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
+ 457400
2.42 USD
2 years ago
Aug 16, 2022
Bought 1.85 M USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
+ 762400
2.42 USD
2 years ago
Aug 16, 2022
Bought 0 USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
+ 207500
0 USD
2 years ago
Aug 16, 2022
Bought 0 USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
+ 64050
0 USD
2 years ago
Aug 16, 2022
Bought 0 USD
OrbiMed Genesis GP LLC
director:
+ 38450
0 USD
2 years ago
Aug 16, 2022
Bought 0 USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
+ 38450
0 USD
2 years ago
Aug 16, 2022
Bought 5.98 M USD
GORDON CARL L
director, 10 percent owner:
+ 2470200
2.42 USD
2 years ago
Aug 16, 2022
Bought 1.11 M USD
GORDON CARL L
director, 10 percent owner:
+ 457400
2.42 USD
2 years ago
Aug 16, 2022
Bought 1.85 M USD
GORDON CARL L
director, 10 percent owner:
+ 762400
2.42 USD
2 years ago
Aug 16, 2022
Bought 0 USD
GORDON CARL L
director, 10 percent owner:
+ 207500
0 USD
2 years ago
Aug 16, 2022
Bought 0 USD
GORDON CARL L
director:
+ 64050
0 USD
2 years ago
Aug 16, 2022
Bought 0 USD
GORDON CARL L
director, 10 percent owner:
+ 38450
0 USD
2 years ago
Aug 16, 2022
Bought 3.63 M USD
Vivo Opportunity, LLC
10 percent owner
+ 1500000
2.42 USD
2 years ago
Aug 12, 2022
Bought 3.63 M USD
Vivo Capital Surplus Fund VIII, L.P.
director:
+ 1500000
2.42 USD
2 years ago
Aug 16, 2022
Bought 150 USD
Vivo Opportunity, LLC
10 percent owner
+ 1500000
0.0001 USD
2 years ago
Aug 15, 2022
Bought 3.64 K USD
Vivo Opportunity, LLC
10 percent owner
+ 1218
2.99 USD
2 years ago
Aug 12, 2022
Bought 3.35 M USD
Vivo Opportunity, LLC
10 percent owner
+ 1123021
2.98 USD
2 years ago
Aug 12, 2022
Bought 3.63 M USD
Lu Hongbo
director:
+ 1500000
2.4199 USD
2 years ago
May 31, 2022
Bought 11.3 K USD
Yoon Seokho Bryan
director: COO and General Counsel
+ 7656
1.47 USD
2 years ago
May 31, 2022
Bought 11.3 K USD
Vignola Mark J.
director: Chief Financial Officer
+ 7656
1.47 USD
2 years ago
May 31, 2022
Bought 11.3 K USD
Sundaram Senthil Vel
director: Chief Executive Officer
+ 7656
1.47 USD
3 years ago
Feb 09, 2021
Bought 4.84 M USD
GORDON CARL L
director, 10 percent owner:
+ 285000
17 USD
3 years ago
Feb 09, 2021
Bought 3.23 M USD
GORDON CARL L
director, 10 percent owner:
+ 190000
17 USD
3 years ago
Feb 09, 2021
Bought 4.84 M USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
+ 285000
17 USD
3 years ago
Feb 09, 2021
Bought 3.23 M USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
+ 190000
17 USD
3 years ago
Feb 09, 2021
Bought 1.76 M USD
Vivo Capital VIII, LLC
10 percent owner
+ 103372
17 USD
3 years ago
Feb 09, 2021
Bought 6.08 M USD
Vivo Capital VIII, LLC
10 percent owner
+ 357353
17 USD
3 years ago
Feb 09, 2021
Bought 243 K USD
Vivo Capital VIII, LLC
10 percent owner
+ 14275
17 USD
3 years ago
Feb 09, 2021
Bought 11.3 M USD
Flynn James E
10 percent owner
+ 665000
17 USD
21 years ago
Nov 03, 2003
Sell 17.9 K USD
SCHAEPE CHRISTOPHER J
other: Former Director
- 2600
6.891 USD
21 years ago
Nov 03, 2003
Sell 1.4 K USD
SCHAEPE CHRISTOPHER J
other: Former Director
- 200
6.98 USD
21 years ago
Oct 31, 2003
Sell 36.9 K USD
SCHAEPE CHRISTOPHER J
other: Former Director
- 5400
6.8417 USD
7. News
Terns Pharmaceuticals Reports Inducement Grant to New Employee Under Nasdaq Listing Rule 5635(C)(4) FOSTER CITY, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Terns Pharmaceuticals, Inc. (“Terns” or the “Company”) (Nasdaq: TERN), a clinical-stage biopharmaceutical company developing a portfolio of small-molecule product candidates to address serious diseases, including oncology and obesity, today announced that it has granted as of October 1, 2024 an equity inducement award to a new employee under the terms of the 2022 Employment Inducement Award Plan, as amended (the “Inducement Plan”). The equity award was approved by the Compensation Committee of the Company's Board of Directors in accordance with Nasdaq Listing Rule 5635(c)(4) and was made as a material inducement to the employee's acceptance of employment with Terns. globenewswire.com - 1 month ago
Terns Pharmaceuticals: Obesity Advancement Continues With Other Q1 2025 Program Catalyst Terns Pharmaceuticals is developing TERN-601, an oral GLP-1R agonist, which showed a placebo-adjusted weight loss of 4.9% in a phase 1 trial for obesity treatment. The company plans to initiate a phase 2 study for TERN-601 in 2025, creating a significant catalyst opportunity for investors. The company is also developing TERN-701 for chronic myeloid leukemia, with interim phase 1 data expected in December 2024, offering another investment opportunity. seekingalpha.com - 1 month ago
This Small-Cap Stock Has a Promising GLP-1 Drug Which Could Rival Novo Nordisk and Eli Lilly's Weight-Loss Treatments Terns Pharmaceuticals recently posted positive results from a clinical trial involving a weight-loss pill. The results looked better than those from a key rival. fool.com - 1 month ago
Missed Out on Viking Therapeutics? Buy This Weight Loss Biotech Stock Right Now. Viking Therapeutics isn't the only weight loss biotech out there. Terns Pharmaceuticals just published some good phase 1 clinical trial data. fool.com - 2 months ago
Should You Invest in This Under-the-Radar Weight Loss Stock? Terns Pharmaceuticals' early-stage weight loss asset just reported positive clinical trial results. Even though it's showing some promise, Terns remains a risky bet. fool.com - 2 months ago
1 New Weight Loss Drug Stock to Buy Now With $1,000 and Hold for 5 Years or More Terns Pharmaceuticals just reported some strong data from a phase 1 clinical trial. The data suggest that it might be able to make a highly tolerable weight loss drug. fool.com - 2 months ago
Undercovered Stock Picks From September 6-12: Lithium, Uranium, Gold, & Plastic The 'Undercovered' Dozen series highlights 12 undercovered stocks, providing investment ideas and sparking community discussion on their potential. Zach Bristow argues that Sylvamo Corporation offers a compelling risk/reward opportunity with reasonable valuations, shareholder-oriented management, and potential valuations up to $200/share. NuScale Power Corporation faces skepticism, according to George Theodosi, due to overhype and lack of US SMR projects, despite global interest in nuclear energy. seekingalpha.com - 2 months ago
Terns Announces Closing of Public Offering of Shares of Common Stock and Pre-Funded Warrants, Including Full Exercise of Underwriters' Option to Purchase Additional Shares FOSTER CITY, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Terns Pharmaceuticals, Inc. (“Terns” or the “Company”) (Nasdaq: TERN), a clinical-stage biopharmaceutical company developing a portfolio of small-molecule product candidates to address serious diseases, including oncology and obesity, today announced the closing of its previously announced underwritten public offering of 14,064,048 shares of its common stock, including 2,145,000 shares sold pursuant to the underwriters' exercise in full of their option to purchase additional shares, at a public offering price of $10.50 per share, and, in lieu of common stock to certain investors, pre-funded warrants to purchase 2,380,952 shares of its common stock, at a public offering price of $10.4999 per pre-funded warrant, in each case before underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Terns, are approximately $172.7 million. All of the securities were offered by Terns. globenewswire.com - 2 months ago
Terns Announces Pricing of Upsized $150.15 Million Public Offering FOSTER CITY, Calif., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Terns Pharmaceuticals, Inc. (“Terns” or the “Company”) (Nasdaq: TERN), a clinical-stage biopharmaceutical company developing a portfolio of small-molecule product candidates to address serious diseases, including oncology and obesity, today announced the pricing of its upsized underwritten public offering of 11,919,048 shares of its common stock at a public offering price of $10.50 per share, and, in lieu of common stock to certain investors, pre-funded warrants to purchase 2,380,952 shares of its common stock at a public offering price of $10.4999 per pre-funded warrant, in each case before underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Terns, are expected to be approximately $150.15 million, excluding any exercise of the underwriters' option to purchase additional shares. Terns has granted the underwriters a 30-day option to purchase up to an additional 2,145,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on September 12, 2024, subject to customary closing conditions. All of the securities are being offered by Terns. globenewswire.com - 2 months ago
Terns Stock Soars on Positive Data From Phase I Study of Obesity Drug TERN stock soars on positive data from the early-stage study of TERN-601 for obesity, showing statistically significant weight reduction compared to placebo. zacks.com - 2 months ago
Terns Pharmaceuticals: Weight Loss Drug TERN-601 Is Competitive Terns Pharmaceuticals' TERN-601 shows impressive weight loss results in a phase 1 study, positioning TERN competitively in the obesity drug market. The commercial viability of TERN-601's manufacturing scalability could be an advantage over certain competitors like Novo Nordisk's Rybelsus. TERN has sufficient funds to support operations into 2026, and a recent $125M public offering could allow it to go further. seekingalpha.com - 2 months ago
Terns Announces Proposed Public Offering FOSTER CITY, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Terns Pharmaceuticals, Inc. (“Terns” or the “Company”) (Nasdaq: TERN), a clinical-stage biopharmaceutical company developing a portfolio of small-molecule product candidates to address serious diseases, including oncology and obesity, today announced that it has commenced a proposed underwritten public offering of $125 million of shares of its common stock and, in lieu of common stock to certain investors, pre-funded warrants to purchase shares of its common stock. In addition, Terns expects to grant the underwriters a 30-day option to purchase up to an additional $18.75 million of shares of common stock offered in the public offering at the public offering price, less underwriting discounts and commissions. All of the shares and pre-funded warrants to be sold in the offering will be offered by Terns. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. globenewswire.com - 2 months ago
8. Profile Summary

Terns Pharmaceuticals, Inc. TERN

image
COUNTRY US
INDUSTRY Biotechnology
MARKET CAP $ 524 M
Dividend Yield 0.00%
Description Terns Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, develops small-molecule single-agent and combination therapy candidates for the treatment of non-alcoholic steatohepatitis (NASH) and obesity. The company develops TERN-101, a liver-distributed and non-bile acid farnesoid X receptor agonist, which is in Phase IIa clinical trial for the treatment of NASH; and TERN-201, a vascular adhesion protein-1 inhibitor that is in Phase Ib clinical trial for the treatment of NASH. It also develops TERN-501, a thyroid hormone receptor beta agonist with enhanced liver distribution and metabolic stability that is in Phase I clinical trial for the treatment of NASH; and TERN-601, a small-molecule Glucagon-Like Peptide-1 receptor agonist program that is intended to orally be administered for NASH and metabolic diseases, such as obesity. The company was incorporated in 2016 and is headquartered in Foster City, California.
Contact 1065 East Hillsdale Boulevard, Foster City, CA, 94404 https://www.ternspharma.com
IPO Date Feb. 5, 2021
Employees 66
Officers Ms. Elona Kogan Esq., J.D. Chief Legal Officer Ms. Amy L. Burroughs M.B.A. Chief Executive Officer & Director Dr. Jeffrey R. Jasper Ph.D. Senior Vice President of Research Mr. Scott Harris Chief Development Officer Dr. Emil T. Kuriakose M.D. Chief Medical Officer Ms. Melita Sun Jung Chief Business Officer Ms. Debra Sieminski Senior Vice President of Medical Affairs Mr. David Eric Strauss Vice President of Finance & Controller Dr. Mark Joseph Vignola Ph.D. Chief Financial Officer & Treasurer