07.06.2024 17:40:09 - dpa-AFX: Geron Shares Rise After Rytelo Gets FDA Approval For Treatment Of Lower-risk MDS With TD Anemia
WASHINGTON (dpa-AFX) - Geron Corp. (GERN) shares surged by 17% on Friday
following the announcement of FDA approval for Rytelo (imetelstat) in treating
adult patients with low- to intermediate-1 risk myelodysplastic syndromes (MDS),
with transfusion-dependent (TD) anemia.
GERN is trading on the Nasdaq at $4.55, up 17.09% or $0.66 per share. It has
traded between $1.64 and $5.15 in the past 52-week period.
The FDA's decision was based on the successful IMerge Phase 3 clinical trial,
which achieved its primary and secondary endpoints, showing that Rytelo led to
significantly higher rates of red blood cell transfusion independence compared
to the placebo.
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