Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Geron drops brain cancer drug, plans layoffs (40% of workforce)
MedCity News / Reuters ^ | December 3, 2012 | Vidya P L Nathan

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 ...


TOPICS: Business/Economy; Government; Health/Medicine; Science
KEYWORDS: cancer; health; layoffs; medicine; stemcell; unemployment

1 posted on 12/04/2012 12:25:00 PM PST by 2ndDivisionVet
[ Post Reply | Private Reply | View Replies]

To: 2ndDivisionVet

uhh.....article says they are making layoffs because THE DRUG DID NOT WORK in clinical trials. Not due to Obamacare.


2 posted on 12/04/2012 12:27:05 PM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: GeronL

Whadju do that fer?


3 posted on 12/04/2012 12:29:31 PM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

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.


4 posted on 12/04/2012 1:07:55 PM PST by memyselfandi59
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cyber Liberty

No.. I meant that libertarians who make fun of me should lay off

d’oh


5 posted on 12/04/2012 2:52:10 PM PST by GeronL (http://asspos.blogspot.com)
[ Post Reply | Private Reply | To 3 | View Replies]

To: GeronL
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.

6 posted on 12/04/2012 4:07:46 PM PST by BfloGuy (Workers and consumers are, of course, identical.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: BfloGuy

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.

heh


7 posted on 12/04/2012 4:14:08 PM PST by GeronL (http://asspos.blogspot.com)
[ Post Reply | Private Reply | To 6 | View Replies]

To: GeronL
It’s a play on my name obvious

OK. Missed that connection by a mile.

8 posted on 12/04/2012 4:35:33 PM PST by BfloGuy (Workers and consumers are, of course, identical.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: BfloGuy

Okay, not so obvious.


9 posted on 12/04/2012 4:37:45 PM PST by GeronL (http://asspos.blogspot.com)
[ Post Reply | Private Reply | To 8 | View Replies]

To: BfloGuy; GeronL

It was a play on the name. I know, I’m the one who did it...


10 posted on 12/05/2012 4:50:52 AM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
[ Post Reply | Private Reply | To 8 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson