An update from Terns Pharmaceuticals (TERN) is now available.
Terns Pharmaceuticals, Inc. is undergoing a significant executive restructuring with the planned departure of CFO Mark Vignola by February 2025 and the transition of Bryan Yoon to Chief Operating Officer and Special Counsel until his departure in September 2024. Both executives have negotiated severance packages and bonus payments, including retention bonuses and provisions for COBRA reimbursement. Additionally, the company has announced the appointment of Elona Kogan as Chief Legal Officer and is actively searching for a new CFO. These leadership changes are part of the company’s strategic evolution and are expected to influence its financial and operational trajectory.
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