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Home·Deals·oncology·Merck acquires Terns Pharmaceuticals
SEO URLwww.firestrike.ai/deals/terns-pharmaceuticals-merck-acquisition-2026-7
acquisitionAnnounced · May 6, 2026oncologySource · CredibleArticle · Factual
Terns Pharmaceuticals
Merck
Terns Pharmaceuticals · Merck

Merck acquires Terns Pharmaceuticals

David Najork
David Najork · Founding Software Engineer
Announced · Updated · 1 min read
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Deal value
$6.7B
Target
Terns Pharmaceuticals
Terns Pharmaceuticals
NASDAQ: TERN · Foster City, California
Acquirer
Merck
Merck
Full Acquisition
Status
Pending

Merck agreed to acquire Terns Pharmaceuticals. Reported deal value: $6.7B. Status: Pending. Sector: oncology. Target headquarters context: Foster City, California, United States.

This page summarizes publicly available information about the transaction as of 2026-05-06. Figures and status may change as filings and press coverage update.

Merck Completes Acquisition of Terns Pharmaceuticals Inc.

Deal timeline

Announced
May 6, 2026 · biospace.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context

This transaction is classified in oncology with a reported deal value of $6.7B. Figures and status may change as sources update.

Sources: biospace.com · Primary article · FireStrike proprietary index