NasdaqGS:GERNBiotechs
Geron (GERN) Stock Reprices Higher As RYTELO Gains Traction
Geron stock jumped 21.6% to US$1.63 on the first trading day after its Q2 release, a sharp move for a company long viewed as a discounted oncology developer with a long road to profitability. The headline is simple: solid revenue traction from RYTELO and stable operating spend have pulled losses into a narrower band, while the balance sheet still carries US$327m of cash.
For a stock that came into earnings with modest double digit gains over 1, 3 and 6 months, this report has turned what was...