Overview
Geron Q2 product revenue rises to $49 mln, driven by RYTELO sales
Net loss narrows sharply to $16.4 mln, operating income beats estimates
Harout Semerjian appointed as new President and CEO
Outlook
Geron maintains 2025 operating expenses guidance of $270 mln to $285 mln
Company expects existing cash and RYTELO sales to fund operations
Geron plans RYTELO launch in select EU countries in 2026
IMpactMF trial full enrollment expected by year-end 2025
Result Drivers
RYTELO SALES - Achieved $49 mln in net product revenue for Q2 2025, a 24% increase from Q1, driven by increased demand from new patient starts
COMMERCIAL EXPANSION - Expanded sales team by 20% and doubled medical science liaisons to boost RYTELO adoption
EU LAUNCH PREPARATION - Preparing for RYTELO launch in select EU countries following recent approval
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Product Revenue | $49.01 mln | ||
Q2 EPS | -$0.02 | ||
Q2 Net Income | -$16.38 mln | ||
Q2 Operating Income | Beat | -$12.45 mln | -$20 mln (9 Analysts) |
Q2 Operating Expenses | $61.49 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the biotechnology & medical research peer group is "buy"
Wall Street's median 12-month price target for Geron Corp is $4.00, about 70% above its August 5 closing price of $1.20
Press Release: ID:nBw8Yn88ba
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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