Geron Corporation secures up to $375 million in debt financing led by Royalty Pharma and Pharmakon Advisors to support the commercial launch of RYTELO and complete Phase 3 clinical trials.
Amount Raised
$375 Million
Round Type
Debt Financing
Foster CityBiotechnologyHealth CareresearchInvestors
Description
Geron Corporation has announced up to $375 million in synthetic royalty and debt financings with Royalty Pharma and investment funds managed by Pharmakon Advisors. The funding includes $250 million in cash and an additional $125 million in debt to facilitate the commercial launch of RYTELO and to address working capital requirements.
Quick answer
Geron raised $375 Million in a Debt Financing round, dated November 7, 2024. Investors: Royalty Pharma and Pharmakon Advisors. Geron is based in Foster City, California, United States.
- How much did Geron raise?
- Geron raised $375 Million in a Debt Financing round on November 7, 2024.
- Who invested in Geron?
- Royalty Pharma and Pharmakon Advisors are named as investors in this round.
- What does Geron do?
- Geron is a commercial-stage biopharmaceutical company aiming to change lives by changing the course of blood cancer.
- Where is Geron based and how big is it?
- Geron is based in Foster City, California, United States. Fundz records about 230 employees.
- Who are the decision-makers at Geron?
- Fundz holds 1 contact at Geron, including the Interim President and Chief Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in research and Biotechnology around the same time
Companies in the same sectors as Geron that raised within 45 days of this round, from Fundz verified event records.
- Nuvig Therapeutics raised $161M (Series B) on December 5, 2024.
- FOXO Technologies raised $220K on November 15, 2024.
- Aarvik Therapeutics raised $1.2M (Seed) on November 4, 2024.
- Gameto raised $10M (Funding Round) on October 24, 2024.
- FOXO Technologies raised $257K on October 17, 2024.
- FOXO Technologies raised $41K on October 17, 2024.
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Related People
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