Class Action Filed Against Geron Corporation (GERN) Seeking Recovery for Investors - Contact Levi & Korsinsky
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A class action lawsuit has been filed against Geron Corporation (GERN) alleging securities fraud between June 7, 2024, and February 25, 2025. The lawsuit claims the company misled investors about the growth potential of its drug Rytelo, leading to a significant stock price drop of 32.07% after revealing flattened growth due to seasonality, competition, and monitoring requirements.
March 27, 2025 | 12:45 am
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The class action lawsuit targets Geron's alleged misrepresentations about Rytelo's market potential, which resulted in a significant stock price drop from $2.37 to $1.61 per share.
The lawsuit and subsequent stock price decline suggest significant investor uncertainty about Geron's drug strategy and market communication, which could negatively impact stock performance in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100