MENLO PARK, Calif.--(BUSINESS WIRE)--Geron Corporation (Nasdaq:GERN) today announced that the company will restate its financial statements for the 2005, 2004 and 2003 fiscal years as well as its quarterly financial statements for the first three quarters of 2006 and all quarters in 2005. The restatement results from the company’s review of recent guidance relating to Emerging Issues Task Force Issue 00-19, “Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company’s Own Stock,” (Issue 00-19). The restatement will have no impact on previously reported revenues, operating expenses, total assets or cash position.
