The latest announcement is out from Geron ( (GERN) ).
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Geron Corporation has secured $250 million in funding through a loan agreement with Pharmakon Advisors and a synthetic royalty deal with Royalty Pharma, strengthening its financial position. This includes a $125 million loan tranche and $125 million from Royalty Pharma for tiered royalties on U.S. sales of RYTELO. Geron’s strong Q3 performance, with $28.2 million in RYTELO sales, underscores its commercial potential, supported by the company’s strategic investments and leadership changes to drive future growth in the biopharmaceutical sector.
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