Skip to comments.Geron drops brain cancer drug, plans layoffs (40% of workforce)
Posted on 12/04/2012 12:24:52 PM PST by 2ndDivisionVet
Geron Corp confirmed it will discontinue development of an experimental drug to treat cancer that has spread to the brain from elsewhere in the body and also cut about 40 percent of its workforce, after patients failed to respond to the drug in a mid-stage study.
The company said it will now focus on the development of another drug candidate, imetelstat, as a treatment for blood cancers and some types of solid tumors.
The brain cancer drug, GRN1005 and imetelstat's development in blood cancers were the only hopes that Geron's shareholders had after the company warned investors in September that it would stop developing imetelstat as a breast cancer treatment.
Geron now has only imetelstat in its pipeline, after dropping its brain cancer drug and exiting stem-cell research in November 2011...
(Excerpt) Read more at medcitynews.com ...
uhh.....article says they are making layoffs because THE DRUG DID NOT WORK in clinical trials. Not due to Obamacare.
Whadju do that fer?
Pharmaceutical companies do this, depending on if their drug is successful in trials or nots.
If you ever want a window into the cut throat ways of the pharmaceutical world, read the forums at cafepharma.com.
No.. I meant that libertarians who make fun of me should lay off
Wow! The comments on this thread make no sense at all. Who are these libertarians and when did they make fun of you. I mean, the fact that a company is discontinuing a product that failed shouldn't be controversial.
It’s a play on my name obvious
I know. I am just glad that when I was growing up kids didn’t realize that my name meant “old” or “aging” or whatever.
OK. Missed that connection by a mile.
Okay, not so obvious.
It was a play on the name. I know, I’m the one who did it...
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