logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 


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

By  +Follow December 6, 2013 12:50PM
Share:
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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for GERN
Trader News Daily
30 Mar 15 07:51:26
Wow http://t.co/PeRPkYu8Uk just posted last weeks results. +429%. Crazy. They offer a free trial too. $LXRX $NOK $SIRI $GERN $AEMD
Helen Ong
30 Mar 15 05:57:02
Biotech Stocks with Optimistic Trend – $HALO $KITE $IMGN $GERN - Wall Street Observer http://t.co/hx1jwM5b5B
BreakingStocksNews
30 Mar 15 05:50:04
$MRC $GERN: Small Cap Stocks Roundup - MRC Global (MRC), Geron (GERN ...: http://t.co/MTRhUl4fmS
Greg David
30 Mar 15 05:48:48
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $GERN $ATHX $CDE $GST $GNBT $FOFU
BreakingStocksNews
30 Mar 15 04:25:02
$GERN $DHR: Stocks Landing in the Bullish - Geron (GERN), Danaher (DHR ...: http://t.co/NROMo73Zos
Breaking News
30 Mar 15 01:38:02
$CEMP $WWAV $GERN: Four Sizzling Gainers Under Review: Cempra Inc (NASDAQ:CEMP ...: http://t.co/fo4oWHU0rJ
2damoon
29 Mar 15 20:38:39
@60Minutes #cancercure #imetelstat $gern please research imetelstat
Langan Stocks
29 Mar 15 16:37:34
$GERN News Updated Sunday, March 29, 2015 7:03:15 PM $FB $LUV $FXI $GE http://t.co/ZTbKOlBRD3
Trader News Daily
29 Mar 15 15:06:10
Wow http://t.co/PeRPkYu8Uk just posted last weeks results. +429%. Crazy. They offer a free trial too. $LXRX $NOK $SIRI $GERN $AEMD
PennyStocker
29 Mar 15 14:54:10
Wow the last pick from http://t.co/p3LC54H2W5 popped over 450%. Nice for being free. $GERN $CACH $QTM $PGH
Garage Traders
29 Mar 15 14:14:01
RT @deafdaytrader: For 1.00 to 5.00 dollars stocks $GERN $GLUU $MDBX $RIGL $LNGLF $MELA $RLMD Nice bottom
deafdaytrader
29 Mar 15 14:07:37
For 1.00 to 5.00 dollars stocks $GERN $GLUU $MDBX $RIGL $LNGLF $MELA $RLMD Nice bottom
Mark Trader
29 Mar 15 11:20:36
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
2damoon
29 Mar 15 09:38:10
Adam Feurstein's take on $GERN..12/10/2013 - potentially game-changing myelofibrosis drug http://t.co/2wXgdqqBLp
Greg David
29 Mar 15 09:09:51
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $GERN $ATHX $CDE $GST $GNBT $FOFU
PennyStocker
28 Mar 15 17:19:31
Wow the last pick from http://t.co/p3LC54H2W5 popped over 450%. Nice for being free. $GERN $CACH $QTM $PGH
Mark Trader
28 Mar 15 08:45:44
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
Stock Rocket
28 Mar 15 08:34:45
Thanks to the 5 pro traders at http://t.co/5jbX6lWXsj for an amazing week! My win rate was 80%. So sweet. $ARCP $HEMP $ERBB $GERN
dailystockplays.com
28 Mar 15 08:19:48
NR6 Stocks http://t.co/MeOPvPkGzC $GRPN $GNW $IAG $LPI $STLD $KBH $ZTS $DDR $GPS $GERN $STI $UDR $ADBE $SONS $EXEL $BBG $VTR $VIAB $STT $DGX
2damoon
28 Mar 15 06:40:39
To subscribe, tweet: $Gern $incy @sa_alerts
Garage Traders
28 Mar 15 06:01:50
RT @zozotrader: $GERN $UNIS $BCLI $AMRN $YOD Under 5.00 scan http://t.co/0obJd78UW6 …
ZOZO
28 Mar 15 05:59:09
$GERN $UNIS $BCLI $AMRN $YOD Under 5.00 scan http://t.co/0obJd78UW6 …
2damoon
27 Mar 15 18:40:34
$gern put all your friends & family in it imo of course
2damoon
27 Mar 15 18:37:33
“@gbrlg: @jimcramer what are your thoughts on $gern? #madtweets” we @TheStreet are shorting $gern b/c we r long $incy imo of course
gbrlg
27 Mar 15 15:35:08
@jimcramer what are your thoughts on $gern? #madtweets
TinoTrader
27 Mar 15 15:13:52
Actualizo Posición de $GERN http://t.co/JzJS5fyZC2
Haki Hika
27 Mar 15 14:48:16
The week that was: Covered the $GERN short earlier and reduced $CL_F exposure. (added the 10 back at 50.42). http://t.co/xfxIH1YkXK
US_proptrader
27 Mar 15 12:07:30
$AKRX $AMAG $BIOS $CLDN $CNAT $EPZM $GERN $ICPT $NGD autocharts @ http://t.co/cLiki3R0GR
StockMatusow
27 Mar 15 12:04:46
MEI Pharma: Upcoming Catalysts Will Drive Stock Rebound | Seeking Alpha http://t.co/27pjsIidWf $MEIP $GERN $IBB #Biotech #Nasdaq #trading
Mark Trader
27 Mar 15 10:38:57
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
igor Bracislacislav
27 Mar 15 10:31:12
$GERN per Geron myelofibrosis pilot study: data suggest Imetelstat a telomerase inhibitor has disease-modifying activity in MF
2damoon
27 Mar 15 10:17:07
@jimcramer The market and @thestreet will just HAVE to figure out what is brewing here. $gern #imetelstat Geronimo!
PennyStocker
27 Mar 15 08:56:37
Wow the last pick from http://t.co/p3LC54H2W5 popped over 450%. Nice for being free. $GERN $CACH $QTM $PGH
Greg David
27 Mar 15 07:56:58
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $GERN $ATHX $CDE $GST $GNBT $FOFU
TinoTrader
27 Mar 15 07:44:20
$GERN en estos momentos cotizando 3.85 +3,22%. Va queriendo. http://t.co/avJnPiOq2t
StockNewsWires
27 Mar 15 07:05:05
$GERN: Healthcare Stocks Traders Alert- Geron (GERN), Baxter (BAX ...: http://t.co/ywaIUraUfa
US_proptrader
27 Mar 15 06:56:31
$AKRX $AMBA $BBRY $CLF $GDP $GERN $HQCL $MDLZ $QRVO autocharts @ http://t.co/cLiki3R0GR
TinoTrader
27 Mar 15 05:14:27
Actualizo posición de $GERN van 12 ruedas. http://t.co/avJnPiOq2t
2damoon
26 Mar 15 21:17:33
$gern http://t.co/b5urkC1MXZ
2damoon
26 Mar 15 21:06:05
@60Minutes #cancercure #imetelstat $gern please research imetelstat
Alpha Maven
26 Mar 15 15:36:48
RT @HedgeMind: Billionaire investors also like development stake biopharma stocks, Top 5 stocks: $MGNX $BLUE $FOLD $RCPT $GERN. http://t.c…
S Manian
26 Mar 15 15:32:05
RT @HedgeMind: Billionaire investors also like development stake biopharma stocks, Top 5 stocks: $MGNX $BLUE $FOLD $RCPT $GERN. http://t.c…
Raj R
26 Mar 15 15:11:05
RT @HedgeMind: Billionaire investors also like development stake biopharma stocks, Top 5 stocks: $MGNX $BLUE $FOLD $RCPT $GERN. http://t.c…
Amin Hemani
26 Mar 15 15:02:25
RT @DailyStockPlays: Bullish Piercing http://t.co/AyOuGeE9Pe $YHOO $EMC $FITB $BK $GERN $FNFG $AFL $KSS $LNC $NTRS $UNM $PLCM $COL $RGC $LG…
dailystockplays.com
26 Mar 15 15:01:41
Bullish Piercing http://t.co/AyOuGeE9Pe $YHOO $EMC $FITB $BK $GERN $FNFG $AFL $KSS $LNC $NTRS $UNM $PLCM $COL $RGC $LGF $ASH $WRB $DOX $ITT
max
26 Mar 15 14:48:23
RT @HedgeMind: Billionaire investors also like development stake biopharma stocks, Top 5 stocks: $MGNX $BLUE $FOLD $RCPT $GERN. http://t.c…
HedgeMind
26 Mar 15 14:46:01
Billionaire investors also like development stake biopharma stocks, Top 5 stocks: $MGNX $BLUE $FOLD $RCPT $GERN. http://t.co/8jerHDal0g
StockMatusow
26 Mar 15 13:02:32
Statement of Changes in Beneficial Ownership (4) http://t.co/btYlnYnh3A $MEIP #Biotech $IBB $GERN - please tell me people understand this!
2damoon
26 Mar 15 12:36:48
$incy Receives $79.82 Consensus Price Target from Analysts (NASDAQ:INCY) long $GERN
Trader News Daily
26 Mar 15 11:57:22
Wow http://t.co/PeRPkYu8Uk just posted last weeks results. +429%. Crazy. They offer a free trial too. $LXRX $NOK $SIRI $GERN $AEMD
				
				
By  +Follow December 6, 2013 12:50PM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.