Terns Pharmaceuticals is positioned to address the unmet medical needs of NASH, a chronic liver disease with no approved therapies in the U.S. or Europe. With a differentiated pipeline, including TERN-101 and TERN-501, the company targets multiple disease processes to improve treatment outcomes. Despite high earnings volatility and regulatory uncertainty, the potential market size and lack of alternatives present a compelling opportunity. Analysts are bullish, with a consensus target price implying significant upside. Investors should consider the company's strong cash position and upcoming clinical milestones as key catalysts.
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