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

By  +Follow December 6, 2013 12:50PM
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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


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Results for GERN
WatchTheFunds
5 Sep 15 02:38:02
$GERN Institutional ownership up 20.67% Q/Q, with 21,671,700 net purchase http://t.co/lS7ClAkleL http://t.co/tAxqx8XDjD
Tim Grittani
4 Sep 15 23:55:10
http://t.co/T6qjQyOK0r Verified $1,309.36 profit in $GERN Week of 9/1, very up and down week. Struggling right now with sizing up on los...
Tim Grittani
4 Sep 15 23:55:06
http://t.co/nrdn2HyCgz Verified $968.90 loss in $GERN Week of 9/1, very up and down week. Struggling right now with sizing up on losers ...
Steve
4 Sep 15 21:07:16
RT @lukebiotech: Imetelstat and splicing mutations: 38% CR w/ SF3B1 and U2AF1 vs. 4% without http://t.co/NxbU1o1eyt … $GERN $INCY http://t.…
Steve
4 Sep 15 21:03:12
RT @lukebiotech: Imetelstat and splicing mutations: 38% CR w/ SF3B1 and U2AF1 vs. 4% without http://t.co/NxbU1o1eyt … $GERN $INCY http://t.…
Eli
4 Sep 15 16:33:17
RT @BritneySalvato: $SYN getting HOT. SYN now up 10% on a big red day. $KITE $AVXL $GERN $LBIO $BDSI $KERX $MEIP $KBIO $ONCS Lots of catal…
Nara
4 Sep 15 15:27:44
JBEM picks average 300%, latest is GNSZ w/ data in 3 days, DD here: https://t.co/gv9He7HRvh $GERN $JNP $LNTH $XTLB
SPECULARI
4 Sep 15 15:10:38
$GERN - 03.08.15: http://t.co/nFU0081rzF via @YouTube
Britney Salvato
4 Sep 15 15:09:02
$SYN getting HOT. SYN now up 10% on a big red day. $KITE $AVXL $GERN $LBIO $BDSI $KERX $MEIP $KBIO $ONCS Lots of catalysts coming up
Luke Lee
4 Sep 15 14:24:14
Imetelstat and splicing mutations: 38% CR w/ SF3B1 and U2AF1 vs. 4% without http://t.co/NxbU1o1eyt … $GERN $INCY http://t.co/9iKUCcwBcc
Louise Avery
4 Sep 15 14:21:53
Go $GERN- http://t.co/VrQPFsXY9Z
StockNewsWires
4 Sep 15 13:04:03
$GERN $AUY $ARIA: Investors Alert: Geron Corporation (NASDAQ:GERN), Yamana Gold …: http://t.co/VekHttNTU9
Missing the Forest
4 Sep 15 12:27:09
$SYN getting HOT. SYN now up 10% on a big red day. $KITE $AVXL $GERN $LBIO $BDSI $KERX $MEIP $KBIO $ONCS Lots of catalysts coming up
BreakingStocksNews
4 Sep 15 12:12:02
$GERN: Can Geron Corporation (NASDAQ:GERN) Post an Earnings …: http://t.co/qi02sjtU7z
Bilo Selhi
4 Sep 15 12:06:01
http://t.co/uAcamNRUPt alerted $VLTC +44% http://t.co/MDXD3pGVy7 See Track Record #investing $PSEM $GERN $MM $VRA $BAS $VLTC $CRK
Bilo Selhi
4 Sep 15 11:54:00
http://t.co/uAcamNRUPt alerted $POWR +10% http://t.co/QPC9nUAhjz See Track Record #investing $PSEM $GERN $MM $VRA $BAS $VLTC $CRK
Bilo Selhi
4 Sep 15 11:42:00
http://t.co/uAcamNRUPt alerted $SQQQ +11% http://t.co/zGw9TJbjBI See Track Record #investing $PSEM $GERN $MM $VRA $BAS $VLTC $CRK$QQQ
ISAAC ALEX
4 Sep 15 11:40:04
RT @techwhitepapers: Susan M the ceo of $CALA is on the board of $GERN . .hope good news of $GERN will trickle down into $CALA
p_code
4 Sep 15 11:34:18
@OpposableDrum Oh & if u think its just $NLNK, well I was in $RDUS from $9/sh, $GERN from $2.4, $GILD from $88, $PCYC from $103, $drtx...$14
Bilo Selhi
4 Sep 15 11:29:59
http://t.co/uAcamNRUPt alerted $WATT +17% http://t.co/O6HUpmmIkV See Track Record #investing $PSEM $GERN $MM $VRA $BAS $VLTC $CRK
CappyP83
4 Sep 15 11:18:59
$GERN battle at every penny on the grind down.
Bilo Selhi
4 Sep 15 11:17:56
http://t.co/uAcamNRUPt alerted $GEVO +36% http://t.co/RNVZo858P6 See Track Record #investing $PSEM $GERN $MM $VRA $BAS $VLTC $CRK
Bilo Selhi
4 Sep 15 11:05:47
http://t.co/uAcamNRUPt alerted $PTBI +89% http://t.co/tkIn2GV1aE See Track Record #investing $PSEM $GERN $MM $VRA $BAS $VLTC $CRK
Kristina Duering
4 Sep 15 10:14:17
KaloBios up big again; potential deal with Geron may be the driver $KBIO $GERN http://t.co/BYM7yB9oJf
8-bitgenstein
4 Sep 15 10:01:31
@tazamatic @adamfeuerstein Perhaps that $GERN shelf offering may have been more than renewing its ability to fend off takeover attempts....
clayton
4 Sep 15 09:53:32
GERN 3.37 Geron Corp $GERN added to my watch list. Right now with GERN I am watching the last price 3.37 High http://t.co/QCzTqtnU1j
wsnewspublishers
4 Sep 15 09:46:49
Traders Watch list – http://t.co/9zwEQgG4RU $GERN $PSEM $BRKR
CappyP83
4 Sep 15 09:45:29
$GERN lod test
Seeking Alpha
4 Sep 15 09:39:22
KaloBios up big again; potential deal with Geron may be the driver http://t.co/KfNaRZOCkH $KBIO $GERN
Healthcare Stocks
4 Sep 15 09:39:22
KaloBios up big again; potential deal with Geron may be the driver http://t.co/6njQaiOwQX $KBIO $GERN
M&A News
4 Sep 15 09:39:21
KaloBios up big again; potential deal with Geron may be the driver http://t.co/hO0hKf98AL $KBIO $GERN
Stocks On The Move
4 Sep 15 09:39:21
KaloBios up big again; potential deal with Geron may be the driver http://t.co/oD7OqdR44u $KBIO $GERN
Breaking News
4 Sep 15 09:39:20
KaloBios up big again; potential deal with Geron may be the driver http://t.co/YAaxpUMKQl $KBIO $GERN
TimothySykesStudents
4 Sep 15 09:38:48
11:25AM TimChallenge LurchThePerch: Covered swing short on $GERN @ $3.36 from $3.65 - Just 500 shares for $150 profit http://t.co/GmnsSKgpkr
Bilo Selhi
4 Sep 15 09:15:40
http://t.co/uAcamNRUPt alerted $QQQ +65% http://t.co/taT42kXzsl SEE TRACK RECORD http://t.co/W3gditBjAt $PSEM $GERN $MM $VRA $BAS $VLTC
Recognia
4 Sep 15 09:05:50
Geron Corp (GERN:NASDAQ) forms bullish "Head and Shoulders Bottom" chart pattern http://t.co/gwzf9moyBY $GERN
Taylor Anderson
4 Sep 15 08:59:30
@adamfeuerstein which company do you think $GERN CEO Chip might be looking at $CALA or $KBIO since chip wants to acquire pipeline.
Bilo Selhi
4 Sep 15 08:50:47
Bilo Selhi alerted $CAPN +30% http://t.co/W3gditBjAt SEE TRACK RECORD http://t.co/8JixOZHNV3 $PSEM $GERN $MM $VRA $BAS $VLTC $CRK
leahanne
4 Sep 15 08:47:08
Volume Alert - GERN 3.43 Geron Corp $GERN Hit a high today of 3.47 Closing the day 10:29 at 3.43 -0.02 -0.58% http://t.co/OA3PUQG0Ra
Bilo Selhi
4 Sep 15 08:37:57
How do you turn $8600 into $33k? Do what this Bilo Selhi member did... http://t.co/mmLY3mYytj $PSEM $GERN $MM $VRA
Bilo Selhi
4 Sep 15 08:22:18
Members alerted to $EYES +16% http://t.co/W3gditBjAt SEE TRACK RECORD http://t.co/p6wJgmBBDT $PSEM $GERN $MM $VRA $BAS $VLTC $CRK
GatorFan
4 Sep 15 08:22:04
IMbark should exceed NEJM article results for $GERN. NEJM notes higher resp rates for JAK2 mutation - IMbark is refractory to JAK inhibitor.
Karim Assoum
4 Sep 15 08:12:36
$GERN nice fades possible sub .20s EOD
Bilo Selhi
4 Sep 15 08:10:18
http://t.co/uAcamNRUPt alerted $BAS +36% http://t.co/BBRJoPVJNf See Track Record #investing $PSEM $GERN $MM $VRA $BAS $VLTC $CRK
Bilo Selhi
4 Sep 15 07:58:17
http://t.co/uAcamNRUPt alerted $EOX +44% http://t.co/T6StuNQgAh See Track Record #investing $PSEM $GERN $MM $VRA $BAS $VLTC $CRK
Bilo Selhi
4 Sep 15 07:46:04
http://t.co/uAcamNRUPt alerted $AQXP +317% http://t.co/zHAvlEkA1M See Track Record #investing $PSEM $GERN $MM $VRA $BAS $VLTC $CRK
dakota jakowich
4 Sep 15 07:45:02
RT @igorbraci1: $GERN up 23%
Bilo Selhi
4 Sep 15 07:34:03
http://t.co/uAcamNRUPt alerted $NYMX +124% http://t.co/m8CTmy56qg See Track Record #investing $PSEM $GERN $MM $VRA $BAS $VLTC $CRK
US_proptrader
4 Sep 15 07:30:26
$ACAD $AMBA $CRC $EXEL $GERN $HZNP $NFLX $SRPT $UTIW autocharts @ http://t.co/f6cpQoVS67
Bilo Selhi
4 Sep 15 07:22:03
http://t.co/uAcamNRUPt alerted $VLTC +44% http://t.co/MDXD3pGVy7 See Track Record #investing $PSEM $GERN $MM $VRA $BAS $VLTC $CRK
				
				
By  +Follow December 6, 2013 12:50PM
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