An investigation for investors in Geron Corporation (NASDAQ: GERN) shares over potential securities laws violations by Geron Corporation was announced.
San Diego, CA -- (SBWIRE) -- 11/13/2019 -- An investigation was announced over potential securities laws violations by Geron Corporation in connection with certain financial statements.
Investors who purchased shares of Geron Corporation (NASDAQ: GERN), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Geron Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Menlo Park, CA based Geron Corporation, a clinical biopharmaceutical company, focuses on the development and commercialization of therapeutics for hematologic myeloid malignancies. Geron Corporation was developing imetelstat in partnership with Janssen Biotech Inc. ("Janssen"), a division of Johnson & Johnson. Imetelstat was intended to treat certain cancers that occur in bone marrow and the IMbark study was designed to ascertain whether imetelstat helped patients with a cancer called myelofibrosis.
On September 27, 2018, Geron Corporation announced that patients in the IMbark study had shown only 10% spleen response rate and 32% symptom response rate. Geron Corporation also announced that Janssen had terminated its partnership with the Geron for the development of imetelstat.
Shares of Geron Corporation (NASDAQ: GERN) declined from $6.23 per share on September 4, 2018 to as low as $0.95 per share in December 2018.
Those who purchased shares of Geron Corporation (NASDAQ: GERN) have certain options and should contact the Shareholders Foundation.
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