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Biotech / Medical : Geron Corp.
GERN 1.120+1.8%Nov 21 3:59 PM EST

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From: tom pope2/26/2009 8:56:57 PM
   of 3576
 
I had expected this news to be posted here already, but since it hasn't, here goes :

4:31PM Geron misses by $0.01, misses on revs (GERN) 4.99 -0.35 : Reports Q4 (Dec) loss of $0.22 per share, $0.01 worse than the First Call consensus of ($0.21); revenues fell 88.5% year/year to $0.5 mln vs the $0.7 mln consensus.

I bought a small position today as an earnings gamble, which is going against me. I doubt this will help much - it's not new news.

WASHINGTON (Reuters) – Two prominent supporters of stem cell research said on Thursday they had reintroduced a Senate bill that would allow federal funding for human embryonic stem cell research, in anticipation of President Barack Obama's support for the work.

Senators Tom Harkin, an Iowa Democrat, and Arlen Specter, a Republican from Pennsylvania, said their bipartisan measure would allow federal funding for research using stem cells taken from human embryos left over from fertility treatments.

"It is the same bill that both houses of Congress approved in 2007, but was vetoed by President Bush," they said in a statement.

Obama has promised to overturn Bush's policy that strictly limited the use of federal funds for embryonic stem cell research.

Many groups that support embryonic stem cell research have been eagerly waiting for him to do so, but White House spokesman Robert Gibbs has hinted that Obama would prefer to wait and do something in concert with Congress.
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