GERN’s AdCom date is this Thursday. March 14th. That committee will decide if GERN’s drug, Imetelstat, should be submitted to the FDA for approval. I think the drug works. Lengthening the time between transfusions generally increases survival. Imetelstat treats the cause not just the symptoms and is therefore a disease modifying drug. And, if this one gets recommended and approved, the next phase 3 is treating myelofibrosis using the same drug… It should be approved as well. So, if there’s a green light for GERN on Thursday, I expect the stock to move a couple bucks (it’s currently at $2.23). It’s the FDA decision that will have the biggest impact on the share price. The PDUFA, target date is in May, but after AdCom, the FDA doesn’t have to wait that long to make a decision and they could decide to give the drug approval much earlier. Have owned GERN for eleven l-o-n-g years and we’re at the finish line. If Imetelstat is not approved, it’s likely the beginning of the end for Geron. This is Biotech and it’s as close as you can get to a casino. Long GERN 6000 shares at a cost basis of $3.19.
IBRX +.48 to $5.53. The PDUFA date for IBRX’s drug, Anktiva, is April 23rd. Anktiva has, virtually, no side effects and is better than the current standard of care…..what’s not to like. Long IBRX 27,800 shares at a cost basis of $9.77.