Geron announces $375 million financing deal
Geron Corporation (Nasdaq: GERN), a biopharma company focused on telomerase inhibition therapies, has announced a $375 million financing agreement aimed at supporting the commercial rollout of Rytelo (imetelstat).
The money, which will also be used to advance the firm’s pipeline, comprises $250 million in debt from funds managed by Pharmakon Advisors and a $125 million synthetic royalty agreement with Royalty Pharma (Nasdaq: RPRX).
The funds will support Geron’s planned launch of Rytelo, a first-of-its-kind telomerase inhibitor for lower-risk myelodysplastic syndromes (MDS), in the USA and potentially in the EU.
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