The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Geron Corporation Investors (GERN)
January 27 2020 - 3:36PM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of Geron Corporation (“Geron” or the “Company”) (NASDAQ:
GERN) investors concerning the Company and its officers’ possible
violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
On March 27, 2018, STAT published a report revealing that the
Company’s recent stock performance was due to “flimsy” claims in
connection to the efficacy of imetelstat, Geron’s experimental
myelofibrosis treatment. STAT stated that the available data for
imetelstat undercuts Geron’s representations as to the drug’s
efficacy.
On this news, Geron’s share price fell $1.75, or over 29%, over
two consecutive trading sessions to close at $4.23 per share on
March 27, 2018, thereby injuring investors.
Then, on September 27, 2018, Geron disclosed its Phase 2 study
results for imetelstat failed to meet its primary efficacy
endpoints.
On this news, Geron’s share price fell $3.92, or over 62%, to
close at $2.31 per share on September 27, 2018, thereby injuring
investors further.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Geron securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200127005658/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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