To: Tim Luke who wrote (8619 ) 11/5/1998 4:48:00 PM From: NASDBULL Read Replies (3) | Respond to of 119973
Tim: You are right, I have no idea what I'm talking about. I'm just guessing like everyone else. By the way, read this....GERN having a conference call at 5:15 with analysts to discuss "recent corporate events"!!! HUGE!! NASDBULL Geron Research Reproduces 'Immortal' Human Stem Cells (Update1) Geron Research Reproduces 'Immortal' Human Stem Cells (Update1) (Adds details beginning in eighth paragraph.) Washington, Nov. 5 (Bloomberg) -- Research supported by Geron Corp. has isolated and cultured for the first time a special type of human cell that serves as the building block for all other human cells. The cells, cultivated from embryo and fetal tissue, can be prodded to grow into any kind of human cell -- bone, muscle, white blood cell or nerve ending, researchers said. ''Its extremely promising for treating age-related degenerative diseases,'' said Ronald Eastman, president and chief executive officer at Geron. The special ''stem'' cells allow better research on human development, Eastman said. If researchers can determine how to steer their ''differentiation'' or development into different types of mature cells, that could lead to new treatments for diabetes, heart failure and degenerative nerve diseases, he said. Geron funded the work of three separate university research teams working separately on the cells and owns the rights to future uses that might come from the study results. Embargoed studies done by two of the teams were released after the close of trading on U.S. markets today. Before the official release, however, shares in Menlo Park, California-based Geron rose 2 3/8, or 31 percent, to 9 15/16 in trading of 4.3 million shares, almost 40 times the daily average volume for the stock over the past 6 months. Geron said it did not release the studies early. However, in a mid-afternoon release, Geron invited analysts to a 5:15 p.m. EST conference call, saying it wanted to discuss ''recent corporate events.''