Welcome to our dedicated page for Geron news (Ticker: GERN), a resource for investors and traders seeking the latest updates and insights on Geron stock.
Geron Corporation reports recurring developments as a commercial-stage biopharmaceutical company focused on hematologic malignancies. Its first-in-class telomerase inhibitor RYTELO (imetelstat) is approved in the United States and European Union for certain adult patients with lower-risk myelodysplastic syndromes with transfusion-dependent anemia.
Company updates commonly cover RYTELO net product revenue, U.S. commercialization, financial results and guidance, and continued development of imetelstat in JAK-inhibitor relapsed or refractory myelofibrosis and other hematologic malignancies. Geron news also includes investor conference participation, Nasdaq inducement grants, board appointments, executive leadership changes, and restructuring-related business updates.
Geron Corporation (NASDAQ: GERN) has announced that imetelstat, their first-in-class telomerase inhibitor, has received the Innovation Passport designation from the UK's MHRA under the Innovative Licensing and Access Pathway. This designation aims to expedite the regulatory review process, allowing a 150-day accelerated assessment for Marketing Authorization Applications. The IMerge Phase 2 study demonstrated durable transfusion independence in lower risk MDS patients. Geron is conducting two ongoing Phase 3 clinical trials for imetelstat.
Geron Corporation (NASDAQ: GERN) announced the granting of non-statutory stock options for 80,000 shares to new employees as an inducement to join the company. These options were issued on October 20, 2021, at an exercise price of $1.45 per share, matching the closing stock price on that date. The options have a 10-year term and will vest over four years. Geron is focused on developing a telomerase inhibitor, imetelstat, currently in two Phase 3 clinical trials for myeloid hematologic malignancies.
Geron Corporation has completed patient enrollment in the IMerge Phase 3 clinical trial for imetelstat, targeting lower risk myelodysplastic syndromes (MDS). Top-line results are anticipated in January 2023. Imetelstat, a first-in-class telomerase inhibitor, has shown promising results in Phase 2 trials, including durable transfusion independence in patients. The IMerge trial involves approximately 170 patients and aims to evaluate red blood cell transfusion independence. The company aims to address the significant medical need for alternative treatments in lower risk MDS patients.
Geron Corporation (Nasdaq: GERN) will hold a virtual investor event on November 9 at 4:00 p.m. ET. The event will address unmet medical needs in lower risk myelodysplastic syndromes and refractory myelofibrosis, focusing on the potential of imetelstat, Geron's first-in-class telomerase inhibitor. Attendees will hear about expansion opportunities for imetelstat and can participate in a live Q&A with experts, including Dr. Swaminathan Iyer and Dr. John Mascarenhas. A webcast will be available on Geron's Investor Relations page, archived for 30 days.
Geron Corporation (Nasdaq: GERN) reported significant findings from its IMbark Phase 2 clinical trial for imetelstat, a treatment for refractory myelofibrosis (MF). Published in the Annals of Hematology, the study indicates that patients treated with imetelstat had a median overall survival (OS) of approximately 30 months, over double the 12 months for those receiving best available therapy. The ongoing IMpactMF Phase 3 trial aims to further validate these results. Imetelstat is noted for its potential to address unmet needs in patients unresponsive to JAK inhibitors.
Geron Corporation (NASDAQ: GERN) announced the granting of a non-statutory stock option for 400,000 shares of common stock to a newly hired employee. The option was awarded on September 15, 2021 with an exercise price of $1.36, matching the stock's closing price on that date. The option has a 10-year term, vesting in increments over four years, with 12.5% vesting after six months. This grant complies with Nasdaq Listing Rule 5635(c)(4) and aligns with Geron’s 2018 Inducement Award Plan.
Geron Corporation (NASDAQ: GERN) announced that Dr. John A. Scarlett, its Chairman and CEO, will present at three upcoming investor conferences in September 2021. The presentations include the H.C. Wainwright 23rd Annual Global Virtual Investment Conference on September 13, R.W. Baird 2021 Virtual Global Healthcare Conference on September 14, and Cantor Virtual Global Healthcare Conference on September 30. Live webcasts of the presentations will be available through Geron's Investor Relations webpage, with archived replays for 30 days.
Geron Corporation (Nasdaq: GERN) has granted non-statutory stock options for 550,000 shares of its common stock to new employees as an inducement in their employment. The options were issued on August 18, 2021, at an exercise price of $1.25 per share, matching the stock's closing price on that date. The options vest over four years, with an initial vesting of 12.5% after six months. Geron is focused on developing the telomerase inhibitor, imetelstat, and is conducting two Phase 3 clinical trials in related hematologic cancers.
Geron Corporation (Nasdaq: GERN) announced updates on its IMerge Phase 3 trial in lower risk MDS and reported second quarter financial results. As of June 30, 2021, the company has $239.1 million in cash and securities, sufficient to fund operations through Q1 2023. Enrollment in the IMerge trial reached 91%, with full enrollment expected by Q4 2021, and top-line results anticipated by Q1 2023, accelerated by three months. Furthermore, Geron plans to host an investor event in November 2021 to discuss imetelstat's potential and development pipeline.
Geron Corporation (Nasdaq: GERN) will release its Q2 2021 financial results after market close on August 16, 2021. The results will be detailed in a press release available on the company’s website. Following this, a conference call will be held at 4:30 p.m. ET to discuss the results and recent events. Key highlights include ongoing Phase 3 clinical trials for imetelstat in hematologic malignancies. A live webcast will also be accessible on the company's site, with an archive available for 30 days.