Geron lands potential $900M blood cancer drug deal with J&J

Geron Corp. will hand over its experimental blood cancer drug imetelstat to Johnson & Johnson's Janssen Biotech Inc. unit for $35 million upfront, the Menlo Park company said Thursday. The deal ultimately could be worth $900 million if certain development, regulatory and commercial milestones are hit over several years. Janssen will lead mid-stage studies of the drug in myelofibrosis, myelodysplastic syndrome and acute myelogenous leukemia. Development costs for the two studies in myelofibrosis,…
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