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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.


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Results for GERN
Josh Alex
28 Jan 15 06:02:20
RT @DrSManian: $GERN uting p/m. Huge upside here http://t.co/TEbW4oggAK
S Manian
28 Jan 15 05:30:17
$GERN uting p/m. Huge upside here http://t.co/TEbW4oggAK
Louise Avery
28 Jan 15 05:15:12
Health Care Stocks Under $10 To Watch MannKind and More : $MNKD $GERN $HNSN http://t.co/ysYM9y4LHI http://t.co/aTKvh76gHK via @YahooFinance
Clark Joseph Kent
27 Jan 15 22:01:20
3 Health Care Stocks Under $10 To Watch MannKind and More : $MNKD $GERN $HNSN http://t.co/6sNus38TVo
NETSHAQ
27 Jan 15 14:30:45
RT @TheVillageSpy: $GERN #LongSetup http://t.co/8c1OQOoFDO
natetrades
27 Jan 15 14:30:20
$gern trending http://t.co/F32xCb4uGn
Ivan Bunin
27 Jan 15 13:40:41
$GERN #LongSetup http://t.co/8c1OQOoFDO
Forex News & Tips
27 Jan 15 13:24:27
RT @SeekingAlpha: 30 Reasons I Like Geron http://t.co/7LOkRLap4c $GERN
Seeking Alpha
27 Jan 15 13:17:52
30 Reasons I Like Geron http://t.co/7LOkRLap4c $GERN
NETSHAQ
27 Jan 15 11:08:21
RT @TV_TradingIdeas: GERN trying to break out again $GERN http://t.co/2FQjKx9vbJ
Mark Trader
27 Jan 15 11:07:41
The last http://t.co/8hGh2pPo4U alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
TV_Trading Ideas
27 Jan 15 10:46:41
GERN trying to break out again $GERN http://t.co/2FQjKx9vbJ
PennyStocker
27 Jan 15 09:56:35
Wow the last pick from http://t.co/p3LC54YE49 popped over 450%. Nice for being free. $GERN $CACH $QTM $PGH
Syed Waqas Nabi
27 Jan 15 09:00:26
A bullish Big MAC (Bullish) has occurred at 11:30 AM Jan 27 at $3.44 on Geron Corp (GERN) $GERN
High Octane
27 Jan 15 08:27:55
$GERN nice daily
Rambouillet Sheep
27 Jan 15 08:19:18
RT @yankeegank: @bman_alerts another fine day in chatzy w/market down big BMAN & the mods picking out winners following the trend just a fe…
BULLDOG INVESTOR
27 Jan 15 08:17:24
@bman_alerts another fine day in chatzy w/market down big BMAN & the mods picking out winners following the trend just a few $EXXI $GERN
NETSHAQ
27 Jan 15 08:03:05
$gern $3.40 we meet again, 50 day $3.29, 70 day $3.01, 200 day $2.53
tradersjekan
27 Jan 15 07:28:36
$gern
Vegastrader66
27 Jan 15 07:28:21
$GERN gettin jiggy
Daily Contracts
27 Jan 15 07:28:02
Real-Time feed of company contracts, original agreements and executive updates from Geron Corp $GERN http://t.co/F2pd2o7BKd
stockjock101
27 Jan 15 07:24:12
$GERN , IN TIGHT RANGE ///// - DAILY WATCH FOR NEWS
Jase
27 Jan 15 07:19:38
markets broadly getting pummeled, but $GERN is up 1.5%
Trader News Daily
27 Jan 15 06:27:34
Wow http://t.co/PeRPkZkWiw just posted last weeks results. +429%. Crazy. They offer a free trial too. $LXRX $NOK $SIRI $GERN $AEMD
PennyStocker
27 Jan 15 05:52:57
Wow the last pick from http://t.co/p3LC54YE49 popped over 450%. Nice for being free. $GERN $CACH $QTM $PGH
Conner
27 Jan 15 04:24:30
1-27-15 watch-list $PWR $MBII $GERN $PBW $TWO $F $LAS $CYTK $UNIS $NOG
Conner
27 Jan 15 04:18:11
$GERN http://t.co/5BQ9AK9Iea
Mark Trader
27 Jan 15 03:44:35
The last http://t.co/8hGh2pPo4U alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
Judie horton
26 Jan 15 16:12:11
RT @netshaq: FMR LLC owns 15% of $GERN and State Street Corp owns 6% of $GERN. Now Blockrock owns 7% of $GERN. $gern 26,000,000 shorts have…
NETSHAQ
26 Jan 15 15:23:07
FMR LLC owns 15% of $GERN and State Street Corp owns 6% of $GERN. Now Blockrock owns 7% of $GERN. $gern 26,000,000 shorts have 17% c u @ 10
NETSHAQ
26 Jan 15 15:08:55
RT @StockNews_: $GERN - Amended Statement of Ownership (sc 13g/a) http://t.co/vCwRqj64M6
Mark Trader
26 Jan 15 14:59:13
The last http://t.co/8hGh2pPo4U alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
StockNews
26 Jan 15 14:30:50
$GERN - Amended Statement of Ownership (sc 13g/a) http://t.co/vCwRqj64M6
Stocks News&Markets
26 Jan 15 14:30:22
$GERN - Amended Statement of Ownership (sc 13g/a) http://t.co/Bw2FaYbxHr
$Stocknewsalerts
26 Jan 15 14:25:37
$GERN ALERT: New Geron SEC Filing From our Stock News Alerts App
Breaking News Now
26 Jan 15 14:20:06
$GERN: New SEC Filing for GERN: Form SC 13G/A, No. 0001086364-15-000915 http://t.co/bS6pSkMAQM http://t.co/hdmFYCBPkR
All In Capital
26 Jan 15 13:40:07
Whoa $GERN looking to run
Stocks News&Markets
26 Jan 15 13:31:16
Nate made $3,841 on $GERN -Check it out! http://t.co/YCosUzY6Q5 Learn #howtotrade http://t.co/axK8SMSgo9 $ATOS $ANFI $ZAZA $VII $GULTU
Time=Best Stock
26 Jan 15 11:10:19
$CRIS $CPRX $GERN $DNDNQ $RITT $AJGH Bullish & $FCEL Reversal?
PennyStocker
26 Jan 15 09:56:24
Wow the last pick from http://t.co/p3LC54YE49 popped over 450%. Nice for being free. $GERN $CACH $QTM $PGH
Louise Avery
26 Jan 15 09:35:47
RT $BCLI $ONVO $NDRM $GERN $BCLI block buster announcement http://t.co/zjftaqSwmA via @YahooFinance
iBioInvests
26 Jan 15 09:02:49
RT @WhiteCoatMafia: "3rd Annual Hematology Conference" Jan 31st. Ayalew Tefferi, MD of Mayo speaks on Myeloproliferative Neoplasms. $GERN h…
SharperTrades
26 Jan 15 07:42:50
$GERN building momentum and trying to break out of descending trend line. Up 4%
NETSHAQ
26 Jan 15 07:42:24
RT @Vastmed: $INCY Shorted no catalysts on the horizon, $GERN , in time, will eventually eat it's lunch
NETSHAQ
26 Jan 15 07:42:10
RT @WhiteCoatMafia: "3rd Annual Hematology Conference" Jan 31st. Ayalew Tefferi, MD of Mayo speaks on Myeloproliferative Neoplasms. $GERN h…
Mark Trader
26 Jan 15 07:19:16
The last http://t.co/8hGh2pPo4U alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
veee
26 Jan 15 06:38:58
$INCY Shorted no catalysts on the horizon, $GERN , in time, will eventually eat it's lunch
Louise Avery
26 Jan 15 05:52:40
RT @Obviously: $BCLI $ONVO $NDRM $GERN $BCLI block buster announcement http://t.co/zjftaqSwmA via @YahooFinance
Stock Rocket
26 Jan 15 04:54:33
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
TickerChirp
26 Jan 15 02:02:08
Hot Tweets Related to $GERN (Geron Corp symbol GERN) on 01/26/2015 http://t.co/dhkyfrvnZb
				
				
By  +Follow December 6, 2013 12:50PM
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