Tern Plc

Equities

TERN

GB00BFPMV798

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 11:35:07 2024-05-02 am EDT			5-day change	1st Jan Change
3.43 ^GBX	+8.89%		+20.35%	+1.63%

Apr. 29	Yen Hits 160 to Dollar in Thin Trade as Hopes for Near-Term BOJ Rate Hikes Wane	DJ
Apr. 26	Bank of Japan Holds Policy Steady, Despite Slumping Yen	MT

Tern investee reports "substantial interest" from industry leaders

April 09, 2024 at 05:40 am EDT

(Alliance News) - Tern PLC on Tuesday announced that one of its investee company's had a strong start to the year.

The London-based 'internet of things' technology investor owns a 24% stake in healthcare intelligence company Talking Medicines Ltd.

Talking Medicines, an industry pioneer leveraging advanced data science and artificial intelligence, reported record revenue bookings in the first quarter of 2024.

The company also made improvements to its Drug-GPT platform which aims to revolutionise access to intelligence on diseases and pharmaceutical brands.

Talking Medicines said: "This innovative technology has garnered substantial interest from leading global healthcare advertising agencies, who recognise its potential to transform strategies for pharmaceutical clients."

Looking ahead, Talking Medicines stated that it remains committed to driving innovation and improving healthcare decision making.

Tern shares were up 14% to 3.54 pence each in London on Tuesday morning.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Tern Plc

Yen Hits 160 to Dollar in Thin Trade as Hopes for Near-Term BOJ Rate Hikes Wane	Apr. 29	DJ
Bank of Japan Holds Policy Steady, Despite Slumping Yen	Apr. 26	MT
AIM WINNERS & LOSERS: Bens Creek falls as it lays off workers	Apr. 12	AN
Tern Raises GBP420,000 to Fund Investments	Apr. 12	MT
Tern down after raising GBP420,000 via discounted placing	Apr. 12	AN
Tern investee reports "substantial interest" from industry leaders	Apr. 09	AN
AIM WINNERS & LOSERS: Tern rises on Talking Medicines quarterly update	Apr. 09	AN
Coinbase Global's Trading Volume Likely Doubles in Q1, Oppenheimer Says	Apr. 04	MT
Transcript : Tern Plc - Special Call	Mar. 26
North American Morning Briefing : Stocks Struggle After New Records	Mar. 22	DJ
Terns Pharmaceuticals Gets Orphan Drug Label for Chronic Myeloid Leukemia Treatment Candidate	Mar. 11	MT
Cindrigo seeks Croatian exploration licence extension	Mar. 08	AN
People's Bank of China Leaves Policy Rate Unchanged	Feb. 19	MT
Tern's Portfolio Company Device Authority Completes Second Closing of Tranche One in Fundraising	Feb. 07	MT
Tern announces additional fundraise for Device Authority	Feb. 07	AN
Genflow wins new research grants; Seeen margin rises	Feb. 01	AN
Tern Portfolio Company Talking Medicines Issues Convertible Loan Notes	Feb. 01	MT
Talking Medicines Limited announced that it has received £0.44 million in funding from Tern Plc	Jan. 31	CI
Tern Raises Funds to Invest in Portfolio Companies; Stock Plummets	Jan. 24	MT
Tern raises GBP400,000 to invest in portfolio companies	Jan. 24	AN
India's GAIL signs 10-yr LNG purchase deal with Vitol	Jan. 05	RE
Tern completes first tranche of Device Authority fundraise	Dec. 28	AN
Tern's Device Authority Raises $4 Million in First Tranche of Fundraising	Dec. 28	MT
Tern plunges as Device Authority announces USD7.3 million fundraising	Dec. 27	AN
AIM WINNERS & LOSERS: Horizonte Minerals secures funds for Araguaia	Dec. 27	AN

Chart Tern Plc

Duration

Period

More charts

Company Profile

Tern Plc is a United Kingdom-based investment company. The Company specializes in private software companies, predominantly in the Internet of Things (IoT). The Company predominantly supports software companies that develop commercial IoT security, enablement, and analytics solutions for the healthcare and industrial sectors. Its network of companies includes Device Authority Limited, Wyld Networks AB (Wyld Networks), InVMA Limited (trading as Konektio), FVRVS Limited (trading as FundamentalVR), Talking Medicines Limited (Talking Medicines), DiffusionData Limited, and Sure Valley Ventures UK Software Technology Fund (SVV). Device Authority Limited is involved in identity and access management (IAM) for the IoT and blockchain. FundamentalVR delivers virtual reality (VR) haptic flight simulators for surgery. Wyld Networks develops and sells wireless technology solutions that enable connectivity anywhere in the world. Talking Medicines is a data technology company.

Sector

Investment Management & Fund Operators

Calendar

2024-09-17 - Q2 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Sector Venture Capital

	1st Jan change	Capi.
TERN PLC	+1.63%	16.8M
UMBRA COMPANIES INC.	+31.41%	12.02B
HERCULES CAPITAL, INC.	+15.78%	3.09B
HBM HEALTHCARE INVESTMENTS AG	+2.30%	1.4B
MOLTEN VENTURES PLC	+2.49%	663M
VERUSA HOLDING	+38.32%	616M
CION INVESTMENT CORPORATION	+1.59%	613M
OCTOPUS APOLLO VCT PLC	-4.17%	493M
WOORI TECHNOLOGY INVESTMENT CO., LTD	+30.43%	473M
BRITISH SMALLER COMPANIES VCT PLC	+3.90%	305M

Venture Capital