Geron: A Tough First Year For Rytelo, But Not Yet Time To Sell (Downgrade)

(15min)

Summary

  • Rytelo's FDA approval was a milestone, but the commercial launch has underwhelmed, with sales and management turnover weighing on Geron Corporation's share price.
  • Competition, pricing concerns, and lack of concrete growth guidance challenge Geron's ability to capture significant market share for Rytelo.
  • Despite setbacks, Geron has strong funding, a differentiated drug, and label expansion/M&A potential, justifying patience for current shareholders.
  • Q2 earnings and permanent CEO appointment are key GERN stock catalysts; I remain cautiously optimistic, but see near-term execution risk as pivotal.

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Investment Overview

It's been more than fifteen months since I last updated Geron Corporation (NASDAQ:GERN), awarding the stock a Buy rating in March 2024. That was ahead of a crucial meeting of an

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This article was written by

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Edmund Ingham is a biotech consultant. He has been covering biotech, healthcare, and pharma for over 5 years, and has put together detailed reports of over 1,000 companies. He leads the investing group Haggerston BioHealth.

The group is for both novice and experienced biotech investors. It provides catalysts to look out for and buy and sell ratings. It also provides product sales and forecasts for all the Big Pharmas, forecasting, integrated financial statements, discounted cash flow analysis and market by market analysis. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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