Geron gets regular review for imetelstat, disappointing investors
While Geron (Nasdaq: GERN) had hoped for a Priority Review for its rare blood cancer candidate imetelstat, the US regulator has confirmed a standard review will now take place, with a decision due by mid-June next year.
Further unnerving the market, the US Food and Drug Administration said it will also convene scientists for an advisory committee meeting as part of the review.
Investors shedded shares in the company following the announcement, softening Geron’s stock price to $2.28, a drop of around 13%.
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