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Biotech / Medical : Geron Corp. -- Ignore unavailable to you. Want to Upgrade?


To: esammee who wrote (2961)8/2/2006 12:57:36 AM
From: esammee  Read Replies (1) | Respond to of 3576
 
In mid May we published a study that was presented at the American Association of Immunologists in Boston on our TAT triple zero 2 telomerase activator drug being developed through the joint venture between Geron and the BRC in Hong Kong. And the significance of this presentation was that once again the drug was shown to enhance telomerase activity in HIV restricted CD8 T cells from patients with HIV disease. The significance here, though, was that we demonstrated in an autologous setting that Patient A's CD8 cells when treated with the TAT 02 drug significantly reduced the viral level in the same patient's CD4 cells. So this work was done in an autologous manner and showed significant reduction in viral levels in 3 out of 3 donors. The reductions in viral titres produced by the infected cells were significant -- from 2 to 5 fold reduction. Also we demonstrated that the drug once again reproduces all the effects of telomerase gene transfer – namely, it increases the proliferative capacity of the CD8 cells, increases their secretion of interferon gamma when stimulated by HIV peptides, and, as I mentioned, dramatically increases viral inhibition of the infected CD4 cells.

On the intellectual property front, at the end of April we announced that Geron was granted a US patent covering the production of islets from human embryonic stem cells for the treatment of diabetes. Earlier this year we were granted a UK patent for this same technology. The Geron global stem cell patent portfolio now includes over 260 filings owned or licensed to Geron. Additionally, in June we announced a ruling by the Opposition Division of the European Patent Office on claims in our granted European patent covering the cloned human telomerase gene and its uses. Pharmexa had sought revocation of all 47 claims; the ruling maintained 44 and cancelled only 3. The 3 cancelled claims pertain to immunogenic peptides of telomerase useful as vaccine. None of the claims are relevant to Geron's GRNVAC1 vaccine or to technology licensed to Merck and Co., only to a peptide vaccine being developed by Pharmexa. We will of course appeal the decision and we have already filed a Divisional European Patent Application to provide protection for immunogenic peptides of telomerase. Our patent estate on telomerase includes over 90 issued US patents and over 130 granted patents in other countries.

On the business development front, in June we announced a collaboration and license agreement with Corning, Incorporated, to develop and commercialize synthetic surface matrices for the growth of undifferentiated human embryonic stem cells. So Corning now has licenses from both Geron and WARF covering embryonic stem cell growth. The products will be sold by Corning with a royalty to Geron. You probably recall that we invented feeder free growth and we're now seeking to take the next step in decreasing cost of goods and improving product production uniformity by trying to develop a totally synthetic surface upon which the embryonic stem cells would grow, thereby replacing laminin-like proteins matrices which are currently used by us.

Moreover, at the end of June we granted a nonexclusive license to Invitrogen to develop, manufacture and sell media and reagents to the embryonic stem cell research community. Additionally, we gave Invitrogen the right to provide research use only sublicenses for their products to its customers. Geron receives license payments and royalties on products developed under the agreement. So these two outlicenses demonstrate our willingness and our ability to grant licenses to our growing portfolio of embryonic stem cell patents.

And lastly, in May we announced the appointment of Dr. Laurence Elias as Vice President, Oncology Clinical Development. His job will be to oversee the execution of trials of our telomerase inhibitor drug, GRN163L and our telomerase vaccine, GRNVAC1. Prior to joining Geron, Dr. Elias was Director of Clinical and Medical Affairs of Chiron's Oncology Therapeutic Unit and prior to his biotechnology industry experience, Larry was Chief of Hematology and Oncology at the University of New Mexico School of Medicine where he's led several multi-center national cooperative group Phase 1, 2 and 3 clinical trials in oncology.

So those are the highlights of the second quarter and we'll be happy now to answer any questions.

COORDINATOR: Thank you, sir. Ladies and gentlemen, if you wish to ask a question at this time please key star followed by 1 on your touch tone telephone. If your question has been answered or you wish to withdraw your question, you may key star followed by 2. Questions will be taken in the order received. Please press star 1 to begin.



To: esammee who wrote (2961)8/3/2006 7:39:58 AM
From: TARADO96  Respond to of 3576
 
Thanks for all the hard work in providing the cc info. I have faith that management will come through for us. It may take some, but GERN will surprise a lot of folks.

John