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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.

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Results for GERN
4 Jul 15 19:41:03
GERN Geron Corp. Bid Size http://t.co/P0xNBQqRHv $GERN $EWU $EWY $SWKS #GERN #pennystocks #stockmarket
4 Jul 15 19:40:34
GDXJ Market Vectors Junior Gold Miners EOD Data http://t.co/ikqV0yOhFi $GDXJ $GERN $AFSI $CMGO #GDXJ #finance #invest
Stock Forums
4 Jul 15 19:39:09
EWU United Kingdom iShares Filings http://t.co/VaDuxA5HwT $EWU $PRTA $EFA $GERN #EWU #stocks #invest
Big Mike
4 Jul 15 16:12:30
RT @Brandon555577: $GERN - 3 Experimental Cancer Drugs Investors Should Be Closely Watching http://t.co/OKHXbtKU4h
4 Jul 15 13:48:38
TWTR Twitter, Inc. Change http://t.co/X0DKIzZV8O $TWTR $CSIQ $FXY $GERN #TWTR #pennystocks #stock http://t.co/RBfA8LcTJ0
Lucky Jimmy
4 Jul 15 13:48:07
TWTR Twitter, Inc. Change http://t.co/kV8BRxxpG3 $TWTR $CSIQ $FXY $GERN #TWTR #pennystocks #stock
4 Jul 15 13:40:03
GERN Geron Corp. Bid Size http://t.co/fITIO7ots1 $GERN $CNC $VXX $ADMD #GERN #pennystocks #stock
4 Jul 15 13:33:04
AVGO Avago Technologies Ltd. Change http://t.co/sIROc94RSB $AVGO $GERN $DIS $DDD #AVGO #stockmarket #investing
4 Jul 15 12:16:30
triple threat $gern, $fgen, $tkai
4 Jul 15 06:10:44
We like the technicals $GERN http://t.co/3Mu2n8VfpN
4 Jul 15 06:10:43
We like the technicals $GERN http://t.co/slac1IBwq6
4 Jul 15 06:10:38
We like the technicals $GERN http://t.co/2ckWnYblBi
Stock Forums
3 Jul 15 20:46:32
TASR TASER Intl Inc. E.P.S. http://t.co/QHqokexpZV $TASR $INDA $GERN $IENG #TASR #stock #tradeideas
3 Jul 15 20:43:32
PONDX PIMCO Income Fund Bid http://t.co/2ARfGbty6C $PONDX $CEW $GERN $DFS #PONDX #stockmarket #invest
3 Jul 15 20:38:33
GERN Geron Corp. Investor Opinions http://t.co/WV3Pur7RFz $GERN $CPST $CMCSA $XLV #GERN #invest #stocks
3 Jul 15 20:34:33
CPD.TO iShares S&P/TSX Canadian Preferred Share Index Fund P/E Ratio http://t.co/SkMDt9nPl1 $CPD.TO $CIX.TO $VLTC $GERN #CPD.TO #stock…
Stocks News&Markets
3 Jul 15 13:31:06
Nate made $3,841 on $GERN -Check it out! http://t.co/JEjUkGEVzU Learn #howtotrade http://t.co/axK8SMSgo9 $GLRI $LOCM $OGEN $NTRA $CFMS
3 Jul 15 12:38:33
@jligas You can't accurately compare $INCY current market cap and $GERN market right after phase 2. https://t.co/a1N4tx9qIr
3 Jul 15 12:18:20
@jligas Simple $GERN to $INCY or $PCYC comparisons are not accurate. See pic. Aug 2013 = some Jakafi phase 2 data. http://t.co/62HKrDIN2t
Jason Ligas
3 Jul 15 10:36:52
@WhiteCoatMafia @SneakyPHolsters @bio_stock so even though $INCY has one approved drug for MF, $GERN will only be 1/18 of their market cap?
brian sweetheart
3 Jul 15 10:11:59
Voted top trading group. http://t.co/5eVXN8RJLp Related: $GERN $SBLK $BIOZF $APHB $PTN
On Time Picks
3 Jul 15 09:04:02
DewDiligence: I don't have an educated opinion about $GERN;: DewDiligence http://t.co/XhXBWsSqeY
3 Jul 15 08:06:48
@SneakyPHolsters @bio_stock To me, $GERN an easy way to make some money with very little risk (MF), plus the chance to hit it big. 💸
3 Jul 15 08:04:36
@SneakyPHolsters @bio_stock The real gamble - & what we hope to see with $GERN - is additional indications. MDS/AML & cotherapy solid tumor.
3 Jul 15 07:59:18
@SneakyPHolsters @bio_stock Let's say $GERN is around $5 when MF-2 done. Results positive. Pop to $6 is $1 billion market cap.
I am not Steve
3 Jul 15 07:42:30
RT @WhiteCoatMafia: @bio_stock If institutional backing increases (and ideally short interest drops), $GERN upside will be much greater. Ru…
3 Jul 15 07:26:59
@WhiteCoatMafia @bio_stock All due respect Adam, efficacy in MF is worth more than 15%. We saw $GERN move that much this month on no news.
3 Jul 15 06:52:18
@WhiteCoatMafia thanks. $gern & imetelstat get no respect so high short and low institutional $. + mf trial will change that. Its do or die!
3 Jul 15 06:22:15
@bio_stock If institutional backing increases (and ideally short interest drops), $GERN upside will be much greater. Rules of the game.
3 Jul 15 06:14:38
@bio_stock If MF fails $GERN is dead. However, high likelihood of success given modifying agent for lethal disease. https://t.co/wBeGnYNbqD
Flossie Noble
3 Jul 15 04:36:02
RT @DennyT14: USMJ North American Cannabis Holdings, Inc. E.P.S. http://t.co/mHYNKe8MAp $USMJ $GERN $GS $MDCN #USMJ #tradeideas #share
3 Jul 15 04:17:02
$MHR $GERN: Small Cap Decliners: AK Steel Holding Corporation (NYSE:AKS ...: http://t.co/s1moGJLTnY
3 Jul 15 02:17:02
$GERN Institutional ownership up 20.67% Q/Q, with 21,671,700 net purchase http://t.co/lS7ClAkleL http://t.co/rYRkVmbAzW
2 Jul 15 21:42:06
PLUG Plug Power, Inc. Current Price http://t.co/eS5c8DBadD $PLUG $HOU.TO $GERN $DIA #PLUG #invest #pennystocks
Investors Hangout
2 Jul 15 21:41:07
NUGT Direxion Daily Gold Miners Bull 3x Shares Last Price http://t.co/vqVYex9nXz $NUGT $GERN $JNUG $HYG #NUGT #investing #nasdaq
2 Jul 15 21:40:04
LPCN Lipocine Inc. Prev Close http://t.co/tKLayKyTpg $LPCN $ALL $GERN $VXX #LPCN #invest #stock
2 Jul 15 21:39:14
rosnerstocks: GERN Geron Corp. Open http://t.co/mhDfG5cDp9 $GERN $OIL $X $VLO #GERN #stock #finance read more http://t.co/Z2kvWGlcTg
Rosner Stocks
2 Jul 15 21:37:08
GERN Geron Corp. Open http://t.co/hJuSSiBTp6 $GERN $OIL $X $VLO #GERN #stock #finance
Rosner Stocks
2 Jul 15 21:37:06
GERN Geron Corp. Bid http://t.co/SAV935dNjo $GERN $VRTX $XLK $BAA #GERN #nasdaq #pennystocks
Lucky Jimmy
2 Jul 15 21:33:16
BAA Banro Corp. 52Wk High http://t.co/LlgmSZqaNZ $BAA $AXMM $VRX $GERN #BAA #finance #invest
Invest | Donate
2 Jul 15 21:29:16
@bosocial: FB Facebook, Inc. Change http://t.co/NjzRtO2rCO $FB $XIV $GERN $VLTC #FB #nasdaq #invest … http://t.co/5t9HkTcuhI bosocial b…
Invest | Donate
2 Jul 15 21:29:16
@STERLINGMHOLMES: FB Facebook, Inc. Change http://t.co/NjzRtO2rCO $FB $XIV $GERN $VLTC #FB #nasdaq #invest bosoc… http://t.co/dDBTPQDE0y
SMPH #Sanders2016
2 Jul 15 21:15:02
FB Facebook, Inc. Change http://t.co/jNI0OqcYkq $FB $XIV $GERN $VLTC #FB #nasdaq #invest bosocial … … … … … … http://t.co/mWqUw11a7O
SMPH #Sanders2016
2 Jul 15 21:12:00
FB Facebook, Inc. Change http://t.co/jNI0OqcYkq $FB $XIV $GERN $VLTC #FB #nasdaq #invest bosocial … … … … … http://t.co/mWqUw11a7O
SMPH #Sanders2016
2 Jul 15 21:08:54
FB Facebook, Inc. Change http://t.co/jNI0OqcYkq $FB $XIV $GERN $VLTC #FB #nasdaq #invest bosocial … … … … http://t.co/mWqUw11a7O
SMPH #Sanders2016
2 Jul 15 21:05:52
FB Facebook, Inc. Change http://t.co/jNI0OqcYkq $FB $XIV $GERN $VLTC #FB #nasdaq #invest bosocial … … … http://t.co/mWqUw11a7O
2 Jul 15 21:03:11
FB Facebook, Inc. Change http://t.co/fDkfNdWrgC $FB $XIV $GERN $VLTC #FB #nasdaq #invest bosocial … … http://t.co/Csk7miZSkI
2 Jul 15 21:00:46
FB Facebook, Inc. Change http://t.co/fDkfNdWrgC $FB $XIV $GERN $VLTC #FB #nasdaq #invest bosocial bosocial … http://t.co/Csk7miIhta bo…
2 Jul 15 21:00:45
FB Facebook, Inc. Change http://t.co/fDkfNdWrgC $FB $XIV $GERN $VLTC #FB #nasdaq #invest bosocial … http://t.co/Csk7miIhta bosocial bo…
2 Jul 15 21:00:45
FB Facebook, Inc. Change http://t.co/fDkfNdWrgC $FB $XIV $GERN $VLTC #FB #nasdaq #invest … http://t.co/Csk7miIhta bosocial bosocial bo…
By  +Follow December 6, 2013 12:50PM



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