ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Geron Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – GERN
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Rosen Law Firm has filed a class action lawsuit against Geron Corporation (GERN) alleging the company made false or misleading statements about its RYTELO drug launch. The lawsuit claims Geron overstated the drug's potential profitability by not disclosing issues like low healthcare provider awareness, weekly monitoring requirements, and market competition. Investors who purchased GERN securities between February 28, 2024, and February 25, 2025, may be eligible to join the class action.
March 21, 2025 | 11:45 pm
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NEGATIVE IMPACT
The class action lawsuit could negatively impact Geron's stock price and corporate reputation by challenging the company's representations about its RYTELO drug's market potential.
The lawsuit directly targets Geron's public statements about RYTELO, suggesting potential financial misrepresentation. This could lead to investor loss of confidence, potential financial penalties, and stock price decline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100