ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Geron Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - GERN
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Rosen Law Firm is pursuing a securities class action lawsuit against Geron Corporation, 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, are encouraged to join the class action by May 12, 2025.
March 23, 2025 | 4:15 pm
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The securities class action lawsuit could negatively impact Geron's stock price by highlighting potential misrepresentations about its RYTELO drug's market potential.
The lawsuit alleges systematic misrepresentation of RYTELO's market potential, which could damage investor trust, potentially leading to stock price decline. The specific claims about overstated business prospects and misleading statements pose significant reputational and financial risks.
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IMPORTANCE 85
RELEVANCE 100