Pharmaceutical Processing World

  • Home
  • Regulatory
    • Recalls
  • Pharmaceutical Processing
  • Facility
  • Supply Chain
  • Equipment and Materials
  • Contract Manufacturing
  • R&D 100 Awards

Geron Could Get $935M in Blood Disorder Drug Deal

By Pharmaceutical Processing | November 13, 2014

Geron Corp. could get more than $900 million from a deal to develop its blood disorder drug imetelstat with a unit of Johnson & Johnson.

Geron said Janssen Biotech agreed to pay it $35 million upfront. The Menlo Park, California, company could receive as much as $900 million more as the drug is tested and if it is approved by regulators and reaches certain sales targets. Geron would also get royalties on sales of imetelstat.

Shares of Geron jumped 32 percent to $3.05 in extended trading Thursday. The stock closed Thursday at $2.31 and has lost about half its value this year.

The company is studying imetelstat as a treatment for myelofibrosis, a disease in which abnormal blood cells build up in bone marrow, forming thick scar tissue that slows the production of healthy blood cells. Geron says some patients treated with the drug in clinical trials went into remission or had a reversal of bone marrow fibrosis. Other myelofibrosis drugs treat the symptoms of the disease, included swelling of the spleen.

The companies plan to start a mid-stage trial of the drug in 2015. They also want to study imetelstat as a treatment for other blood diseases.

Related Articles Read More >

Pfizer logo
Pfizer seeks to comply with voluntary Net-Zero Standard by 2040
Fujifilm Diosynth Technologies
Fujifilm to spend $1.6B to bolster cell culture manufacturing services
Wyzo
Wyzo high-speed pick-and-place sidebot wins design awards
Purdue University
Purdue University launches institute for advanced manufacturing of pharmaceuticals

DeviceTalks Tuesdays

DeviceTalks Tuesdays

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.

Need Pharmaceutical Processing news in a minute?

We Deliver!
Pharmaceutical Processing Enewsletters get you caught up on all the mission critical news you need. Sign up today.
Enews Signup
Pharmaceutical Processing World
  • Subscribe to Our Free E-Newsletter
  • Contact Us
  • About Us
  • Advertise With Us
  • R&D World
  • Drug Delivery Business News
  • Drug Discovery & Development
  • DeviceTalks
  • MassDevice
  • Medical Design & Outsourcing
  • MEDICAL TUBING + EXTRUSION
  • Medical Design Sourcing
  • Medtech100 Index

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Pharmaceutical Processing World

  • Home
  • Regulatory
    • Recalls
  • Pharmaceutical Processing
  • Facility
  • Supply Chain
  • Equipment and Materials
  • Contract Manufacturing
  • R&D 100 Awards