Geron Corporation (GERN) also saw shares heading higher on Friday. A recent posting on Johnson & Johnson's Web site seeks a "strategic pricing manager for imbruvica & imetelstat." Geron is developing imetelstat with Johnson & Johnson and had been waiting on a decision from the company about continuing its development by Q3.
Geron is a clinical-stage biopharmaceutical company focused on the collaborative development of a first-in-class telomerase inhibitor, imetelstat, in hematologic myeloid malignancies. According to the company, early clinical data from the Phase 2 clinical trial in essential thrombocythemia and the investigator sponsored pilot study in MF suggest imetelstat may have disease-modifying activity by suppressing the proliferation of malignant progenitor cell clones for the underlying diseases, and potentially allowing recovery of normal hematopoiesis in patients with hematologic myeloid malignancies.
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