GERN INVESTOR ALERT: Kirby McInerney LLP Notifies Geron Corporation Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit
/EIN News/ -- NEW YORK, April 02, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors of the May 12, 2025, deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of investors who acquired Geron Corporation (“Geron” or the “Company”) (NASDAQ:GERN) securities during the period from February 28, 2024, through February 25, 2025 (“the Class Period”).
[LEARN MORE ABOUT THE CLASS ACTION]
On February 26, 2025, Geron announced its financial results for the fourth quarter of fiscal 2024, disclosing that growth for Rytelo, the Company’s lead product candidate, had flattened over the preceding months. The Company attributed the diminished growth on seasonality, competition, lack of awareness for Rytelo, and the burden of the monitoring requirement necessary for the drug treatment. On this news, the price of Geron shares declined by $0.76 per share, from $2.37 per share on February 25, 2025, to close at $1.61 on February 26, 2025.
The complaint alleges that defendants, throughout the Class Period, failed to disclose material information concerning expectations for the launch and growth potential of Rytelo.
If you purchased or otherwise acquired Geron securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the form below, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1180
https://www.kmllp.com
investigations@kmllp.com
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