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And then there was one: GRN1005 failure leaves Geron with imetelstat and $90m

 
• By Mandy Jackson

The good news for Geron's investors? Now that the Menlo Park, California-based company has terminated development of GRN1005 and plans to lay off 64 of its 107 employees, it has enough cash on hand to fund its operations for two or three years.

The good news for Geron's investors? Now that the Menlo Park, California-based company has terminated development of GRN1005 and plans to lay off 64 of its 107 employees, it has enough cash on hand to fund its operations for two or three years.

The bad news? Geron has $90 million in investor cash to spend on its one remaining drug candidate: the telomerase inhibitor imetelstat, which failed in a Phase II clinical trial earlier this year to improve progression-free survival (PFS) in patients with metastatic HER2-negative breast cancer (

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