TERN-601 (oral GLP-1) program in obesity on track to initiate Phase 1 clinical trial in second half of 2023 with initial proof of concept data anticipated in 2024FOSTER CITY, Calif., May 22, 2023 (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, non-alcoholic steatohepatitis (NASH) and obesity, today announced that new preclinical data from a transgenic mouse model evaluating TERN-601, a novel oral GLP-1R agonist, has been accepted for poster presentation at the American Diabetes Association’s 83rd Annual Scientific Sessions taking place June 23-26, 2023 in San Diego, California. The abstract will also be published online on the journal Diabetes® website. Following are details of the upcoming presentation: Abstract Title:TERN-601, a novel oral GLP-1R agonist, suppresses food intake and improves glucose tolerance in transgenic mice expressing human GLP-1 receptorPresenter:Olivia Osborn, Director of Biology, Terns PharmaceuticalsPoster Session Date/Time:Sunday, June 25, 2023 from 11:30 AM-12:30 PM PT “We are excited to present these data before an audience of world leading endocrinologists,” said Sen Sundaram, chief executive officer at Terns. “Obesity is a growing epidemic and GLP-1 agonists have demonstrated broad metabolic benefits in obesity and Type 2 diabetes in clinical trials. Unfortunately, they are often limited by injectable dosing, poor tolerability and cost concerns. We believe TERN-601 has the potential to provide an alternative that is safe, effective and affordable with the convenience of a once-a-day tablet.” As a reminder, all information contained in the submitted abstract should be considered preliminary and subject to change until the study is fully presented at the 83rd Scientific Sessions. All information is subject to embargo until Friday, June 23, 2023 at 6:30pm PT. About Terns PharmaceuticalsTerns Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company developing a portfolio of small-molecule product candidates to address serious diseases, including oncology, NASH and obesity. Terns’ pipeline includes two clinical stage development programs including an allosteric BCR-ABL inhibitor and a THR-β agonist (+/- an FXR agonist), and preclinical small-molecule GLP-1 receptor agonist and GIPR modulator programs. For more information, please visit: www.ternspharma.com. 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For a detailed discussion of the risk factors that could affect the Company’s actual results, please refer to the risk factors identified in the Company’s SEC reports, including but not limited to its Annual Report on Form 10-K for the year ended December 31, 2022. Except as required by law, the Company undertakes no obligation to update publicly any forward-looking statements for any reason. Contacts for Terns InvestorsJustin Nginvestors@ternspharma.com MediaJenna UrbanBerry & Company Public Relationsmedia@ternspharma.com