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Posted inSector -- Healthcare, Companies, Daily Analysis, Markets, Pre-Market Briefing

Terns Pharmaceuticals surges on Merck’s reported $6 billion takeover bid as Keytruda patent clock ticks

NEW YORK, March 25, 2026 — Terns Pharmaceuticals (NASDAQ: TERN) is the sharpest premarket mover of Wednesday’s session, climbing approximately 12% to around $55.97 in overnight trading after the Financial Times reported that Merck & Co. (NYSE: MRK) is nearing an approximately $6 billion all-cash acquisition of the clinical-stage oncology biotech. The stock closed Tuesday’s […]

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