Trung Luong
commented on a stock · Sep 3, 2024 02:48
$Geron (GERN.US)$ For those who is new to this company, here...
$Geron (GERN.US)$For those who is new to this company, here is a summary: JNJ paid 250M a year to co develop the drug 5 years ago. They didn’t want to continue the second year which the price was low 5 n drop to lowest of 1.30 in the next 2 years. Gern continue to drug development with the 250M from JNJ to get it FDA approval few months ago to which they raised 450M for reserve cash. The stock went up to hitting 52 weeks high of 5.34 in the next month or two of FDA approval. You now are caught up with the summary. Trade with purpose with entry n exit point.
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