Urgent Notice for Geron Corporation Investors on Class Action Case
Important Update for Geron Corporation Shareholders
The Gross Law Firm has important news for shareholders of Geron Corporation (NASDAQ: GERN). If you purchased shares during the specified class period, make sure to reach out for potential lead plaintiff appointment, as this could be crucial in securing your rights over this matter.
Class Action Registration Details
Shareholders are urged to register for this class action lawsuit promptly. While becoming a lead plaintiff is beneficial, it is not necessary to partake in any potential recovery. This means that you can still claim your rights even if you do not take on this role.
Class Period Information
The class period for this lawsuit covers all shares bought from February 28, 2024, to February 25, 2025. This timeframe is critical, and if you were active in the market during this period, you should consider your options carefully.
Allegations Surrounding Rytelo
The allegations state that the defendants provided investors with significant and misleading information about their expectations surrounding the drug Rytelo (imetelstat). This included assurances about their ability to meet the marketplace's needs and the execution of a commercial strategy aimed at first-line ESA ineligible patients. Concerns were downplayed, particularly regarding the complexities of ongoing monitoring and the competitive landscape affecting sales.
Financial Implications for Geron Corporation
On February 26, 2025, Geron Corporation disclosed its fourth-quarter financial results for fiscal 2024. The results revealed that the anticipated growth for Rytelo had stalled, attributing this stagnation to various factors, including market competition and the inherent challenges of the treatment protocol. This disclosure led to a sharp decline in Geron's stock price from $2.37 to $1.61 per share, representing a significant drop of approximately 32.07% within a single trading day.
Key Deadlines and Next Steps
Mark your calendars. The deadline for shareholders to act is May 12, 2025. Do not hesitate to register your information through the provided forms. Following your registration, you will gain access to portfolio monitoring software that will keep you informed throughout the case's progression.
Why Choose The Gross Law Firm?
The Gross Law Firm stands out as a prominent nationwide class action law firm with a dedicated commitment to protecting the rights of investors. The firm specializes in addressing issues of fraud, deceit, and unethical business practices that harm shareholders. They represent investors who have experienced losses due to misinformation or omission of critical information, leading to misleading inflation in stock prices.
Contact Information
If you have any questions or wish to discuss your case, you can reach out to The Gross Law Firm at their New York office. They are available to assist you with any inquiries you may have about this situation.
Frequently Asked Questions
What is the current status of the class action lawsuit against Geron?
The class action lawsuit is pending, and shareholders of Geron Corporation should consider registration before the deadline of May 12, 2025.
How do I register for the class action lawsuit?
Shareholders can register by providing their information to the law firm, ensuring they are included in updates regarding the legal proceedings.
What are the allegations against Geron Corporation?
The allegations involve misleading statements about the drug Rytelo, its market potential, and the impact of monitoring requirements on sales projections.
When is the deadline for being a lead plaintiff?
The deadline to seek appointment as a lead plaintiff is May 12, 2025.
Is there any cost involved in participating in the class action?
No, there is no cost to participate in this class action as a shareholder.
About The Author
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