NEW YORK, April 7, 2014 /PRNewswire/ -- Geron Corporation (NasdaqGS: GERN), an emerging competitor, is developing a telomerase inhibitor called Imetelstat in hematologic myeloid malignancies. Through internal efforts and potential future strategic partnerships, GERN is positioned to advance the commercialization of Imetelstat in one or more hematologic myeloid malignancies. The discovery and early development of Imetelstat was based on Geron's core expertise in telomerase and telomere biology. Telomerase is an enzyme that enables cancer cells, including malignant progenitor cells, to maintain telomere length, which provides them with the capacity for limitless proliferation.
There is a large available market with very few treatment alternatives that has been validated by the entry of such pharmaceutical giants as Sanofi (SNY) and Novartis (N). Geron's novel approach has no clear direct competition and has the potential to revolutionize the market.
The Company is facing a near term regulatory hurdle that has temporarily set back clinical trials and development efforts which management is in the process of addressing with the highest priority.
The Company has recently filed its FY2013 Form 10K annual financial report and related disclosures which provide an update on operating considerations and the latest financial information for investors.
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