Geron Stock Rallies More Than 60% in a Year: Here's Why
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Geron's stock has surged over 60% in the past year, primarily due to the FDA's approval of its drug Rytelo (imetelstat) for treating low- to intermediate-1 risk MDS.
January 08, 2025 | 5:00 pm
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Geron's stock has increased by 61.1% over the past year, driven by the FDA's approval of its drug Rytelo for treating low- to intermediate-1 risk MDS.
The FDA approval of Rytelo is a significant milestone for Geron, as it opens up new market opportunities and validates the company's research efforts. This regulatory success is a key driver of the stock's recent performance, suggesting continued positive sentiment and potential further gains.
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