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Stock impact report

Geron (GERN) Plans Restructuring to Cut Costs, H.C. Wainwright Stays Neutral [Yahoo! Finance]

Geron Corporation (GERN) 
Last geron corporation earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: geron.com/investors
Company Research Source: Yahoo! Finance
Wainwright maintained its Neutral rating on Geron Corporation (NASDAQ:GERN) after the company announced a strategic restructuring plan. The plan is designed to position the company for long-term value creation while also improving financial discipline. The company shared that its strategic restructuring plan is expected to reduce its workforce by about one-third. When Geron Corporation (NASDAQ:GERN) made this announcement, it had around 260 employees in its workforce. The company also expects that this strategic move will help streamline operations and maintain focus on driving RYTELO commercial growth in the US, explore opportunities to make RYTELO available outside the US, and continue making progress on the Phase 3 IMpactMF trial. H.C. Wainwright noted that Geron Corporation (NASDAQ:GERN) expects its operating expenses in 2026 to be lower than the 2025 levels once most of the cuts are completed in the first quarter of 2026. Based on the guidance on operating expense reduction, Show less Read more
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