Shares of Geron (NASDAQ: GERN) are up 6.75% after the company this morning said its telomerase inhibitor, imetelstat, has been granted Fast Track designation by the United States Food and Drug Administration (FDA) to treat adults with transfusion-dependent anemia due to Low or Intermediate-1 risk myelodysplastic syndromes (MDS) who are non-del and who are refractory or resistant to treatment with an erythropoiesis stimulating agent. Geron initially developed imetelstat, which is exclusively licensed to Janssen Biotech, Inc. worldwide. Janssen sponsored the application for Fast Track designation using preliminary data from IMerge, the ongoing clinical trial being conducted by Janssen in lower risk MDS. The expanded part 1 of the IMerge trial is currently open for patient enrollment.
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About Geron
Geron is a clinical stage biopharmaceutical company focused on the collaborative development of a first-in-class telomerase inhibitor, imetelstat, in hematologic myeloid malignancies. For more information, visit the company’s website at www.geron.com.
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