Geron Corp Stock Price, News & Analysis

Geron Corporation (NASDAQ: GERN) announced the granting of non-statutory stock options for 365,800 shares to new employees as part of their employment inducement. The options were granted on August 17, 2022, at an exercise price of $2.15 per share, equivalent to the closing stock price on that date. These options have a 10-year term and vest over four years, rewarding continued employment. This grant follows Nasdaq Listing Rule 5635(c)(4) and is part of Geron's 2018 Inducement Award Plan.

Geron Corporation (NASDAQ: GERN) has reported its financial results for Q2 2022, marking a net loss of $28.1 million, or $0.07 per share. Revenue for the quarter stood at $73,000, down from $107,000 in Q2 2021. The company maintains a strong balance sheet with $220 million in cash and marketable securities and has amended its loan facility to secure an additional $50 million. Key upcoming milestones include Phase 3 trial results for lower risk MDS expected in January 2023, U.S. regulatory submissions planned for 2023, and a potential commercial launch of imetelstat in 2024.

Geron Corporation (NASDAQ: GERN) will release its Q2 2022 financial results on August 11, 2022, after the market closes. The details will be available on the company’s website. A conference call to discuss these results and upcoming milestones is scheduled for 4:30 p.m. ET on the same day. The call will be accessible via a live webcast on their site, with an archive available for 30 days. Geron is focused on developing its telomerase inhibitor, imetelstat, for hematologic malignancies and is conducting two Phase 3 trials.

Geron Corporation (Nasdaq: GERN), a biopharmaceutical firm focused on hematologic malignancies, announced that CEO John A. Scarlett will participate in a fireside chat at the 2022 Wedbush PacGrow Healthcare Virtual Conference on Wednesday, August 10, 2022, at 12:35 p.m. ET. The event will be webcasted through the Investor Relations section on Geron's website and will be available for replay for 30 days post-event. Geron is currently advancing two Phase 3 trials: IMerge for lower risk myelodysplastic syndromes and IMpactMF for refractory myelofibrosis.

Geron Corporation (Nasdaq: GERN) has granted non-statutory stock options for 405,800 shares to new employees as part of their employment inducements. These options, issued on July 20, 2022, have an exercise price of $1.94 per share, matching the stock's closing price on the grant date. They feature a 10-year term and vesting over four years. Geron is focused on developing imetelstat, a telomerase inhibitor, for hematologic malignancies, with two ongoing Phase 3 clinical trials: IMerge and IMpactMF.

Geron Corporation announces an expansion of its loan facility with Hercules Capital and Silicon Valley Bank, increasing access from $75 million to $125 million. This amendment allows for an additional $50 million in potential non-dilutive capital in 2023, crucial for the company as it anticipates top-line results from the Phase 3 IMerge trial in January 2023. Funding aims to support operations and potential commercialization of imetelstat until mid-2024.

Geron Corporation (Nasdaq: GERN) has granted a non-statutory stock option to purchase 70,000 shares of common stock to a new employee as an induction measure. This option was granted on June 15, 2022, with an exercise price of $1.30 per share, equal to the stock's closing price on that date. The option vests over four years, starting with 12.5% after six months, subject to continued employment. Geron, focused on developing a telomerase inhibitor for hematologic malignancies, is conducting two Phase 3 trials: IMerge and IMpactMF.

Geron Corporation (NASDAQ: GERN) has appointed Faye Feller, M.D., as Executive Vice President and Chief Medical Officer effective July 9, 2022. She succeeds Dr. Aleksandra Rizo, who will move to a consulting role after leading imetelstat's development. Dr. Feller has significant experience with imetelstat, having been involved in its development at Geron and previously at Janssen. The company anticipates top-line results from the IMerge Phase 3 trial in early January 2023, which could lead to a New Drug Application submission for imetelstat in lower risk myelodysplastic syndromes.

Geron Corporation (Nasdaq: GERN) has granted non-statutory stock options for an aggregate of 327,400 shares to new hires, effective May 18, 2022. The options have an exercise price of $1.30 per share and a 10-year term, vesting over four years. This grant aligns with Nasdaq Listing Rule 5635(c)(4). Geron is engaged in developing imetelstat, a first-in-class telomerase inhibitor, currently in two Phase 3 trials: IMerge and IMpactMF, targeting hematologic malignancies.