Geron Corporation ((GERN)) has held its Q2 earnings call. Read on for the main highlights of the call.
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Geron Corporation’s recent earnings call conveyed a positive sentiment, driven by significant revenue growth and strategic expansions in both commercial and medical teams. The company has successfully increased physician awareness and secured favorable payer coverage, although challenges remain in early line usage and data limitations on patient retention.
RYTELO Revenue Growth
Geron Corporation reported impressive financial results with RYTELO net revenues reaching $49 million in Q2 2025. This marks a substantial 24% increase over the previous quarter, highlighting the growing demand and successful market penetration of their product.
Expansion of Commercial and Medical Affairs Teams
To support its growth trajectory, Geron has expanded its commercial sales force and medical affairs organization by over 20%. This strategic move ensures that new hires are well-trained and effectively deployed to enhance the company’s market presence and support RYTELO’s commercial success.
Increase in Physician Awareness and Prescribing Intent
Market research conducted in Q2 indicates a positive shift in physician awareness and prescribing intent for RYTELO. Healthcare professionals are showing a higher willingness to prescribe the drug within the first 12 months of a patient’s therapy, which bodes well for future sales growth.
Payer Access Improvement
Geron has made significant strides in improving payer access, with approximately 90% of U.S. covered lives now under favorable RYTELO medical coverage policies. This is an increase from 85% in the first quarter, reflecting the company’s efforts to secure better coverage for its patients.
Phase III IMpactMF Trial Progress
The Phase III IMpactMF trial is progressing well, with over 95% enrollment and completion expected by year-end. Recent momentum in enrollment underscores the trial’s importance and potential impact on Geron’s future offerings.
Appointment of New CEO
Geron announced the appointment of Harout Semerjian as the new President and CEO. With over 30 years of experience in hematology and oncology, Semerjian is expected to bring valuable leadership and expertise to the company.
Challenges in Early Line Usage
Despite the positive developments, RYTELO is still primarily used in later lines of therapy. As of May 2025, only 30% of new patient starts occurred in the first and second lines, indicating room for growth in earlier line usage.
Limited Data on Patient Retention
Geron faces challenges in obtaining accurate data on patient retention and specific line usage due to the buy-and-bill market. This limitation poses a challenge in fully understanding the drug’s long-term impact.
Screen Failures in IMpactMF Trial
The IMpactMF trial experienced screen failures in its earlier stages, but these are expected to decrease as the trial nears completion. This progress is crucial for the trial’s success and future product development.
Forward-Looking Guidance
Geron Corporation’s forward-looking guidance remains optimistic, with a focus on increasing brand awareness and improving physician prescribing confidence. The company aims to expand key opinion leader support to drive continued commercial success. With a strong cash position of $433 million as of June 30, 2025, Geron is well-positioned to achieve its strategic goals.
In conclusion, Geron Corporation’s earnings call reflects a positive outlook with significant revenue growth and strategic expansions. While challenges in early line usage and data limitations persist, the company’s efforts to enhance physician awareness and payer coverage are promising. The appointment of a new CEO and the progress of the IMpactMF trial further bolster Geron’s potential for future success.