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     127  0 Kommentare Geron Corporation Announces Expansion of Existing Loan Facility - Seite 2

    “We are delighted to work with Hercules and support Geron’s continued development and potential commercialization of imetelstat,” said Peter Sletteland, Director at Silicon Valley Bank.

    About Geron

    Geron is a late-stage clinical biopharmaceutical company focused on the development and potential commercialization of a first-in-class telomerase inhibitor, imetelstat, in hematologic malignancies. The Company currently is conducting two Phase 3 clinical trials: IMerge in lower risk myelodysplastic syndromes and IMpactMF in refractory myelofibrosis.

    Use of Forward-Looking Statements

    Except for the historical information contained herein, this press release contains forward-looking statements made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such statements, include, without limitation, those regarding: (i) that top-line results from the IMerge Phase 3 trial in lower risk myelodysplastic syndromes (MDS) are expected in early January 2023; (ii) that if the data from IMerge Phase 3 are supportive, there will be U.S. and EU regulatory filings thereafter; (iii) that the potential additional debt proceeds when added to Geron’s current financial resources and the projected proceeds from exercises of currently outstanding warrants in 2023 will be sufficient to fund the Company’s projected level of operations until the middle of 2024; (iv) that there will be a potential commercial launch of imetelstat in lower risk MDS in the U.S. in 2024; (v) that the $20 million first tranche is available subject to the achievement of certain clinical and financial milestones; (vi) that the $10 million second tranche is available subject to the achievement of certain clinical and regulatory milestones and satisfaction of certain capitalization requirements; (vii) that the $20 million third tranche is available subject to the achievement of certain clinical and regulatory milestones and satisfaction of certain capitalization requirements; (viii) that the $25 million final tranche will be available to Geron following approval from the lenders; (ix) that imetelstat is a potentially transformative treatment for hematologic malignancies; and (x) other statements that are not historical facts, constitute forward looking statements. These statements involve risks and uncertainties that can cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties, include, without limitation, those related to: (a) the timeline in (i) above may not be met due to the Company’s inability to manage the procedures necessary for obtaining the top-line results in IMerge Phase 3 or by the continuing COVID pandemic; (b) whether the top-line results from IMerge Phase 3 are positive and result in regulatory filings in the U.S. and EU; (c) whether the financial, clinical and regulatory milestones required for access to the various tranches are achieved; (d) whether U.S. and EU regulatory authorities approve imetelstat for commercialization; (e) whether the FDA or another regulatory authority imposes a clinical hold on IMerge Phase 3 that causes a delay in reporting top-line results or a cessation of the clinical trial; and (f) that imetelstat actually demonstrates in Phase 3 clinical trials that it is a transformative treatment for hematologic malignancies. Detailed information on the above risks and uncertainties and additional risks, uncertainties and factors that could cause actual results to differ materially from those in the forward-looking statements are contained in Geron’s periodic reports filed with the Securities and Exchange Commission under the heading “Risk Factors,” included in Geron’s quarterly report on Form 10-Q for the quarter ended March 31, 2022. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made, and the facts and assumptions underlying the forward-looking statements may change. Except as required by law, Geron disclaims any obligation to update these forward-looking statements to reflect future information, events or circumstances.

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    Geron Corporation Announces Expansion of Existing Loan Facility - Seite 2 Geron Corporation (Nasdaq: GERN), a late-stage clinical biopharmaceutical company, today announced an amendment to expand its existing loan facility with Hercules Capital, Inc. (NYSE: HTGC) and Silicon Valley Bank, from up to $75 million to up to …