One thyroid hormone receptor-β agonist – Madrigal Pharmaceuticals, Inc.’s resmetirom – is fast approaching approval for non-alcoholic steatohepatitis (NASH), but that has not stopped Terns Pharmaceuticals, Inc. from working on another. Unfortunately, while yesterday’s Phase IIa results with TERN-501 were not bad, exactly, they did not mark the project out as notably better than the competition. The company’s stock opened down by 9% to $6.40 on the NASDAQ on 9 August.
The DUET trial assessed TERN-501’s ability to cut liver fat levels, a proxy for liver health that is assessed by MRI-proton density fat fraction (MRI‐PDFF). The higher two doses – 3 and 6mg – hit the primary endpoint, with statistically significant reductions in fat
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