earnings
confidence high
sentiment positive
materiality 0.80
Geron reports Q4/FY2023 results; cash $378M, PDUFA June 16, 2024 for imetelstat
GERON CORP
2023-FY EPS reported
-$0.32
revenue$237,000
- Cash, cash equivalents and marketable securities of $378.1M as of Dec 31, 2023; cash runway into Q3 2025.
- FDA PDUFA action date June 16, 2024 for imetelstat NDA in transfusion-dependent LR-MDS; ODAC meeting March 14, 2024.
- Total operating expenses FY2023: $194.1M (R&D $125M, G&A $69.1M); FY2024 guidance $270-280M.
- Phase 3 IMpactMF for myelofibrosis achieved 50% enrollment; interim analysis expected H1 2025.
- Revenue minimal at $237,000 for FY2023; company plans to grow to ~270 employees by end of 2024 if approved.