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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.

Results for GERN
Gold Stock News
19 Apr 14 19:53:20
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/gX4ZKlCr4l
Who wants to know?
19 Apr 14 19:23:33
RT @stockgarage: Watchlist for today is up http://t.co/RySdrqqiQ8 $MINE $GS $BCCI $NASV $GERN $GRNH $NFLX
Teo Black
19 Apr 14 18:53:43
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/ztgIF84q9f
Mark Romero
19 Apr 14 18:27:30
Hope all my trader friends have a great Easter. $ARIA $GLOG $GERN $WFT
Aide Lemmon
19 Apr 14 16:23:23
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/9EryIM1PoU
iHangout
19 Apr 14 13:05:39
chartguy89: Stock Charts: GERN 1.94 Stock Charts $GERN Geron Corp. NASDAQ http://t.co/dr9SthYFoB
chartguy89
19 Apr 14 13:03:27
GERN 1.94 Stock Charts $GERN Geron Corp. (NASDAQ) GERN Stock Chart - 1 Month http://t.co/mpp5988zwW http://t.co/F91ngx9u2z
Maxx Leatherby
19 Apr 14 05:08:25
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/SaiC0aE3DD
Clinton Angelo
19 Apr 14 04:48:37
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/HlyUk5yrXa
Jayna Champagne
19 Apr 14 02:44:06
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/rUuFMoavh5
Hans Hoskins
18 Apr 14 17:56:53
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/4nkj6WIIFl
Stock Rocket
18 Apr 14 09:01:37
Join thousands of traders at #1 social trading site http://t.co/PeRPkYMi8s Related: $NGD $AMBS $ARNA $RSH $GFI $FLPC $GERN $PIHN $IAG
Stock_Tracker
18 Apr 14 07:06:32
Geron Corp (GERN) 1.94 $GERN Prana Biotechnology Stock Hits New Low ACCESSWIRE - Wed Apr 16, 9:47AM CDT Prana http://t.co/QyG2whx6e2
Hugh Griffin
17 Apr 14 18:07:59
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/s7HUAq29Ax
TradersTopNews
17 Apr 14 17:00:14
$GERN Stock's Stunning Activities – Geron Corporation (GERN), World Wrestling ... http://t.co/K6JN7wR5mx
TradersTopNews
17 Apr 14 16:31:07
$GERN Biotech Gainers: Ariad Pharmaceuticals (NASDAQ:ARIA), Novavax (NASDAQ ... http://t.co/nltlY4iAmo
Legend Boulstridge
17 Apr 14 16:31:03
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/OV3RzGXQUq
Dmitri Magnuson
17 Apr 14 14:14:07
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/1gbN4zvM5D
ILoveWeed
17 Apr 14 06:20:59
RT @stockgarage: $MINE looking for .02c break tomorrow with .03c target . Watchlist is up http://t.co/RySdrqqiQ8 $MINE $GS $BCCI $NASV $GER…
The Stock Garage
17 Apr 14 06:15:23
Watchlist for today is up http://t.co/RySdrqqiQ8 $MINE $GS $BCCI $NASV $GERN $GRNH $NFLX
Donnie
17 Apr 14 06:11:36
RT @stockgarage: $MINE looking for .02c break tomorrow with .03c target . Watchlist is up http://t.co/RySdrqqiQ8 $MINE $GS $BCCI $NASV $GER…
Gotham City Capital
17 Apr 14 01:26:45
RT @Drchik23: Meant to add the link.Here it is for short interest: http://t.co/vXYOUqmHUm $arna $mnkd $myg $arwr $gern $srpt $enta $zgnx $p…
MoneyMakingStocks
17 Apr 14 00:52:33
RT @stockgarage: $MINE looking for .02c break tomorrow with .03c target . Watchlist is up http://t.co/RySdrqqiQ8 $MINE $GS $BCCI $NASV $GER…
MoneyMakingStocks
17 Apr 14 00:52:31
RT @CAMAR024: Watchlist for thursday Watchlist is up http://t.co/PpJyYQPqfQ $MINE $GS $BCCI $NASV $GERN $GRNH $NFLX
CABuyer
16 Apr 14 23:23:06
$GERN New trial may be step forward for spinal cord injuries http://t.co/HSLEOgPtal
jake
16 Apr 14 18:15:27
Watchlist for thursday Watchlist is up http://t.co/PpJyYQPqfQ $MINE $GS $BCCI $NASV $GERN $GRNH $NFLX
Sideways
16 Apr 14 18:15:23
RT @stockgarage: $MINE looking for .02c break tomorrow with .03c target . Watchlist is up http://t.co/RySdrqqiQ8 $MINE $GS $BCCI $NASV $GER…
Ron Steckly
16 Apr 14 17:52:53
@shaneblackmon why is $gern a shit biotech? They didn't do p & d
BLAZING VOLTz
16 Apr 14 16:44:14
RT @nuere: Rebuilding a large $GERN position, feels like good risk reward here!
Kamren Martinez
16 Apr 14 14:00:29
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/CYu53Na8L2
BATTLE THE BTK
16 Apr 14 12:56:25
@ColfaxCapital @cnnbrk must have been long $acad $tkmr $alny $gern
Quinten Lennon
16 Apr 14 11:40:52
$GERN SHAREHOLDER ALERT: Pome http://t.co/xFXUImrxyr
Shane Blackmon
16 Apr 14 09:33:11
The shit biotechs starting to run lol $GALE $GERN $INO
nuere
16 Apr 14 07:26:11
Rebuilding a large $GERN position, feels like good risk reward here!
NASDAQ Bridge
16 Apr 14 05:43:07
$GERN Are These Three Biot http://t.co/aWx16Noglm
ken flagg
16 Apr 14 04:56:46
$GERN I WILL BUY FIVE HUNDRED MORE SHARES TODAY
Scott Thomas
15 Apr 14 23:14:28
RT @Drchik23: Meant to add the link.Here it is for short interest: http://t.co/vXYOUqmHUm $arna $mnkd $myg $arwr $gern $srpt $enta $zgnx $p…
Andrew Colburn
15 Apr 14 21:30:51
RT @Drchik23: Meant to add the link.Here it is for short interest: http://t.co/vXYOUqmHUm $arna $mnkd $myg $arwr $gern $srpt $enta $zgnx $p…
Joe
15 Apr 14 21:05:25
Meant to add the link.Here it is for short interest: http://t.co/vXYOUqmHUm $arna $mnkd $myg $arwr $gern $srpt $enta $zgnx $pdli $gale $xoma
Joe
15 Apr 14 20:54:28
Largest % short interest inc last period: $oxgn $gern $ptx $dyax $arwr $ctic $abmd $xoma $enta Looks like shorts saw this coming...
Mike Lansing
15 Apr 14 19:43:12
$GERN SHAREHOLDER ALERT: Pome http://t.co/m3gvisvjOj
Robert
15 Apr 14 18:20:20
RT @afmarko99: Speak Life.... http://t.co/2cXfFgvsRA why? Because today sucked & tomorrow has to be better. $ARIA $IBB $GERN $RNN #biotech
Mark Romero
15 Apr 14 13:41:47
Speak Life.... http://t.co/2cXfFgvsRA why? Because today sucked & tomorrow has to be better. $ARIA $IBB $GERN $RNN #biotech
teevee
15 Apr 14 10:29:06
$GERN and $NBIX
Franco Clark
15 Apr 14 04:26:18
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/YodlUB1OBL
Joe Prete, Pharm.D.
14 Apr 14 13:52:03
Look at the $GERN chart today and try to understand it.... http://t.co/qLU4tNZd1X
Jama Dahl
14 Apr 14 13:49:42
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/x2utQxM4Yw
Laird Cabrera
14 Apr 14 12:08:02
$GERN SHAREHOLDER ALERT: Pome http://t.co/ytrTfePH7G
12Stocks.com
14 Apr 14 08:50:44
Smallcap #Stocks Performance $GDP $WBMD $CHDX $HK $BEBE $FLDM $CRK $KOP $GERN $BTX $AFFX $SN $HIFS more@ http://t.co/jIGfl7ofoU
GavinGreenberg
14 Apr 14 08:42:10
$GERN: Are These Three Biotech Companies Still Worth A Gamble? http://t.co/nfGYYuidob
				
				
By  +Follow December 6, 2013 12:50PM
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