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Geron Corporation (GERN) Spikes, Retreats, Spikes Again on Imetelstat Data

By  +Follow December 6, 2013 12:50PM
Tickers Mentioned:

Shares in biopharmaceutical company Geron Corporation (GERN) took a wild ride on Friday, as the company was up as much as 32 percent in pre-market trading, spiked nearly 18 percent to open trading, swung to a 2.7 percent loss, and then started climbing again. All before 11 am EST.

The wild day came after the company released data after market close on Thursday from a clinical study showing that its bone-marrow drug, imetelstat, displayed statistically significant results among 22 myelofibrosis patients.

Imetelstat Carrying GERN to New Heights

Imetelstat is a treatment for myelofibrosis, a chronic myeloid cancer that affects bone marrow cells. It’s intended to work by inhibiting the activity of telomerase, an enzyme that allows cancer cells to maintain telomere length, which is what gives those cells the capacity for limitless reproduction.

The Mayo Clinic study, which was performed on 22 myelofibrosis patients over six months, achieved partial or complete remission from five of the participants and showed a response to the treatment in 41 percent of people taking the drug.

“Some patients in our clinical trial taking imetelstat obtained dramatic responses and there have been some complete responses which is almost unheard of for drug therapy in this disease,” said Mayo Clinic hematologist Ayalew Tefferi, the study’s lead author, in the statement. “These are early results but they are promising.”

Roller-coaster Day for GERN Stock

The daily movement for Geron proved inconsistent, repeatedly rising sharply only to surrender gains soon after.

After closing at $5.87 a share on Thursday, the stock opened $6.72 a share and rose as high as $6.92 in the first six minutes of trading. It then plunged sharply, falling as low as $5.71 a share just before it started to rebound again at around 11 am. That rebound carried shares to $6.33 a share by just after 12:45 pm, but it was followed by another sharp decline back to $5.87 a share.

Things slowed considerably after 1 pm, but a slow rally to over $6 a share was followed by another decline with shares down over 0.75 percent by 3:45 pm.

GERN On the Rise Since September

The current news on a Mayo Clinic comes almost exactly a month after the company experienced 44.72 percent jump in a single day on new of another Mayo Clinic study returning strong results.

On the whole, it’s been a strong close to 2013 for a stock that showed little life prior to the end of the summer. Shares in Geron have more than quadrupled since September 1, rising over 315 percent since that point. The stock gained less than 1.5 percent over the first 9 months of the year.

Driving the gains are continuing streams of positive news about imetelstat, which investors clearly believe is en route for FDA approval and commercial release as Geron has consistently been losing money since 2009, with annual operating losses between $70 million and $111 million in that time.

Friday’s stops and starts could be a sign that investors and traders believe the three-month run has taken Geron’s value close to long-term resistance.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.

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Results for GERN
Judie horton
17 Dec 14 13:54:19
@tazamatic @WhiteCoatMafia Dr. Mesa mentions on #Imetelstat $GERN at about 9:20 in video on #MF. http://t.co/aa1UoKIGmv via @YouTube
17 Dec 14 12:31:18
#Geron : reports 3Q loss http://t.co/fwjdLmp7YQ $GERN
17 Dec 14 11:45:14
$ECIG buyout target of $0.50. 400% upside. Positive EBITDA and $200MM revenue in 2015 $LYB $GERN $TWC traders read: http://t.co/xi3978GuDs
17 Dec 14 11:38:59
I didnt know the pro members get the opening bell alerts from http://t.co/qY5MPlJPrU 1 day early. $ARIA $HK $GERN $NIHDQ $AU $SIMH
Stock Rocket
17 Dec 14 11:10:10
Thanks to the 5 pro traders at http://t.co/5jbX6mNKQv for an amazing week! My win rate was 80%. So sweet. $ARCP $HEMP $ERBB $GERN
Daily Contracts
17 Dec 14 10:34:02
Real-Time feed of company contracts, original agreements and executive updates from Geron Corp $GERN http://t.co/F2pd2o7BKd
Trader News Daily
17 Dec 14 10:06:38
Wow http://t.co/PeRPkZkWiw just posted last weeks results. +429%. Crazy. They offer a free trial too. $LXRX $NOK $SIRI $GERN $AEMD
Greg David
17 Dec 14 09:00:33
I want to give http://t.co/m2LNLuLe8I a shout out. Banked 125% last week thanks to them. You guys rock! $PAAS $GERN $PWE $PGH
Fa$tlane $tocks
17 Dec 14 08:15:06
Geron Announces Early HSR Clearance for Global Strategic Collaboration with Janssen | 6:17 AM | $GERN $ONE http://t.co/7ktFeThlFp
Stock Rocket
17 Dec 14 08:09:14
Thanks to the 5 pro traders at http://t.co/5jbX6mNKQv for an amazing week! My win rate was 80%. So sweet. $ARCP $HEMP $ERBB $GERN
17 Dec 14 07:28:53
RT @AricGoodman: $GERN just being shorted at will.
17 Dec 14 07:28:35
$pcyc the new short not $GERN
17 Dec 14 06:55:01
$GERN just being shorted at will.
16 Dec 14 23:38:04
Top Tweets Relevant to $GERN (Geron Corp symbol GERN) on 12/17/2014 http://t.co/FjdXuJPESL
Hung Tran, MS, MD
16 Dec 14 17:45:14
RT @ZacksResearch: Check out which biotech stocks beat the market in 2014. $MNKD $GERN $ENDP $AUXL $GILD http://t.co/nAYcT1Hpmz
Conf Call Tran
16 Dec 14 16:20:04
Geron Announces Early Hsr Clearance For Global Strategic Collaboration With Janssen $GERN
Ramdas Borude
16 Dec 14 15:20:03
$GERN 35 million is due to Company read. This is Bullish. http://t.co/Fovl5E4hUn. http://t.co/c15HgCQOxF
16 Dec 14 13:51:16
$GERN ALERT: New Geron SEC Filing From our Stock News Alerts App
mHealth Reporter
16 Dec 14 13:51:04
RT @BV_Healthcare: $GERN Geron Corp files Form 8-K (Events or Changes Between Quarterly Reports) SEC Filing.. http://t.co/SPlGJLpIJm
Stocks News&Markets
16 Dec 14 13:49:24
$GERN - Current Report Filing (8-k) http://t.co/TvdGHXz1QS
16 Dec 14 13:49:16
$GERN - Current Report Filing (8-k) http://t.co/xFqTkCn8oO
16 Dec 14 13:49:07
$GERN - Current Report Filing (8-k) http://t.co/C52RCPnT3F
BV Healthcare
16 Dec 14 13:49:05
$GERN Geron Corp files Form 8-K (Events or Changes Between Quarterly Reports) SEC Filing.. http://t.co/SPlGJLpIJm
Instrumental Data
16 Dec 14 13:47:04
GERON CORP $GERN 8-K now available
Josh Alex
16 Dec 14 13:03:06
RT @WhiteCoatMafia: To all the new $GERN investors: Welcome. 🔥💵🔥
16 Dec 14 12:58:17
To all the new $GERN investors: Welcome. 🔥💵🔥
Raquel Telfer
16 Dec 14 11:55:53
RT @ZacksResearch: Check out which biotech stocks beat the market in 2014. $MNKD $GERN $ENDP $AUXL $GILD http://t.co/nAYcT1Hpmz
16 Dec 14 11:54:05
Check out which biotech stocks beat the market in 2014. $MNKD $GERN $ENDP $AUXL $GILD http://t.co/nAYcT1Hpmz
16 Dec 14 11:04:47
RT @flchargerfan: $GERN $3.10 is forming a nice support, tomorrow should see a big bump up
16 Dec 14 10:37:58
$GERN $3.10 is forming a nice support, tomorrow should see a big bump up
Will Robinson
16 Dec 14 09:19:31
@tazamatic @WhiteCoatMafia The market expected a press release 30 days following announcement of the $GERN collaboration. It responded.
16 Dec 14 08:34:17
What were the top ranked Biotech stocks for 2014? $MNKD $GERN $AMGN $CELG $OREX http://t.co/VnJ3bomfUi
Will Robinson
16 Dec 14 08:33:55
@tazamatic @WhiteCoatMafia In anticipation, I sent Dr. Eng of $GERN an e-mail last Thursday urging a timely release of that announcement.
Will Robinson
16 Dec 14 08:31:35
@WhiteCoatMafia That didn't help but there was significant investor confusion based on uninformed $GERN speculation due to the FTC post.
Taylor Anderson
16 Dec 14 07:52:23
@WhiteCoatMafia @willie_robinson $GERN has a new PR person right now Anna is on leave so he gets a pass on the delay in the PR
16 Dec 14 07:02:30
@willie_robinson Sure. And I suppose you think $GERN should have anticipated a collapse in oil, the Russian ruble and a market pullback.
Will Robinson
16 Dec 14 06:44:46
@WhiteCoatMafia I would agree if $GERN didn't have a month to anticipate investor response to their stock price by not announcing on time.
16 Dec 14 06:42:57
RT @dimiprophete: $GERN moving up
dimi prophete
16 Dec 14 06:38:29
$GERN moving up
16 Dec 14 06:29:47
@willie_robinson It dropped 8% in a single day. A 24 hour response time from $GERN is quite reasonable.
16 Dec 14 06:25:19
RT @theflynews: On The Fly: Pre-market Movers $TLM $SLXP $GERN $SPWR $CYCC $LPI $EXAS $SD $EOG: Full Story http://t.co/yhZUFD9Oii
16 Dec 14 06:21:58
$GERN: Geron announces early HSR clearance for global strategic collaboration with Janssen http://t.co/xnm6A0x4XD
16 Dec 14 06:17:24
$GERN Early HSR Clearance for Global Strategic Collaboration with Janssen,develop and commercialize, imetelstat,telomerase inhibitor product
Clutch Investments
16 Dec 14 06:17:03
Keeping an eye on $NVIV $GERN & $ELTP today. #PennyStocks #Nasdaq #StockPicks #StocksToWatch
The Fly
16 Dec 14 06:16:25
On The Fly: Pre-market Movers $TLM $SLXP $GERN $SPWR $CYCC $LPI $EXAS $SD $EOG: Full Story http://t.co/yhZUFD9Oii
TopFlight Trades
16 Dec 14 06:07:43
Pre-Market: $SLXP 6%, $CROX 4.8%, $GOLD 4.2%, $GRFS 4.2%, $GERN 4%, $TVIX 3.8%, $USLV 3.5%, $SSRI 3.3%, $SPWR 2.5%
Will Robinson
16 Dec 14 06:01:03
@WhiteCoatMafia $GERN waited until their stock dropped 8% before issuing their press release. They should hire a Business Development guy.
Christopher Angus
16 Dec 14 06:00:04
Premarket most advanced stocks: $GERN, $SLXP, $TVIX, $CROX, $PAAS, $GOLD, $GRFS, $USLV, $SSRI, $SPWR
Will Robinson
16 Dec 14 05:54:57
@JDdaddy92 Why did $GERN wait until their stock dropped 8% before announcing the HSR clearance? The information was posted on the FTC site.
John L. Bair
16 Dec 14 05:53:51
RT @ACInvestorBlog: Pre-market movers $GERN $SLXP $GOLD $SSRI $PAAS $SPWR $SAVE $BBRY
By  +Follow December 6, 2013 12:50PM



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