| (BW)(GERON-2)(GERN) PNAS Reports Derivation of Human Pluripotent Stem Cells From Cultured Primordial Germ Cells; Geron Holds Worldwide
 License to Discovery by Johns Hopkins Scientists
 
 Business Editors/Health and Medical Writers
 MENLO PARK, Calif.--(BW HealthWire)--Nov. 5, 1998--Human
 pluripotent stem cells -- cells with the demonstrated ability to
 differentiate in vitro into all three embryonic germ layers -- have
 been successfully derived in culture by scientists at the Johns
 Hopkins University School of Medicine, according to a paper to be
 published in the November 10 issue of Proceedings of the National
 Academy of Sciences.
 The research was led by John D. Gearhart, Ph.D. at the Johns
 Hopkins School of Medicine. The research was funded by and is licensed
 to Geron Corporation (Nasdaq:GERN).
 "The potential of these unique, versatile cells for human
 biologic studies and medicine is enormous," said John Gearhart, Ph.D.,
 a professor of obstetrics/gynecology and of physiology who led the
 research team. "These cells will rapidly let us study human processes
 in a way we couldn't before. Instead of having to rely on mice or
 other substitutes for human tissues, we'll have a unique resource
 that we can start applying to medicine."
 In the Hopkins research, scientists isolated primordial germ
 cells (PGCs), cells that would form eggs and sperm, from human fetal
 tissue. The PGCs were cultured on feeder layers and in media
 containing nutrients and specific growth factors. After successive
 passages in culture, PGCs developed into pluripotent stem cells --
 cells having certain characteristics including identifiable surface
 markers, normal chromosome structure, the ability to replicate and
 the capability to differentiate into cells representing the three germ
 layers -- endoderm (gut epithelium), mesoderm (striated muscle) and
 ectoderm (neural epithelium).
 "This achievement is one of two key advances reported this week,"
 reported Thomas B. Okarma, Ph.D., M.D., Geron's vice president of
 research and development. "Geron has sponsored and licensed the work
 of both independent academic efforts. With these collaborators, the
 company has pursued the derivation of human pluripotent stem cells
 via two different strategies: human embryonic stem (hES) cells derived
 from donated in vitro fertilized blastocysts and human embryonic germ
 (hEG) cells derived by a different process from human fetal tissue.
 Both approaches have now resulted in the successful derivation of
 pluripotent stem cells. We anticipate that both hES and hEG cells
 will have potential utility as we pursue multiple applications in
 transplantation medicine, developmental biology and pharmaceutical
 research and development."
 The University of Wisconsin-Madison achievement of deriving hES
 cells is reported in the November 6 issue of Science. The Johns
 Hopkins derivation of hEG cells is reported in the November 10 issue
 of Proceedings of the National Academy of Sciences.
 "At this point, the discoveries reported by Dr. Thomson at the
 University of Wisconsin and Dr. Gearhart at Johns Hopkins are
 complementary technologies," added David L. Greenwood, Geron's chief
 financial officer and vice president corporate development. "Both
 licenses are in place. Our strategic objective is to establish and
 maintain leadership in the field."
 Geron Corporation is a biopharmaceutical company focusing on
 discovering and developing therapeutic and diagnostic products based
 upon the company's understanding of human embryonic stem cells, and
 of telomeres and telomerase in cells -- fundamental biological
 platforms underlying cancer and other age-related degenerative
 diseases.
 The company desires to take advantage of the "safe harbor"
 provision of the Private Securities Litigation Reform Act of 1995.
 Specifically, the company wishes to alert readers that the matters
 discussed in this press release constitute forward-looking statements
 that are subject to certain risks and uncertainties. Actual results
 may differ materially from the results anticipated in these
 forward-looking statements. Additional information on potential
 factors that could affect the company's results are included in the
 company's quarterly report on Form 10-Q for the quarter ended June
 30, 1998.
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