Geron Corporation GERN incurred a loss of 15 cents per share in fourth-quarter 2019, narrower than the Zacks Consensus Estimate of a loss of 20 cents. In the year-ago quarter, the company had incurred a loss of 4 cents per share. Quarterly revenues came in at $0.17 million, slightly beating the Zacks Consensus Estimate of $0.14 million. Notably, the top line comprised royalty and license fee revenues received under various non-imetelstat license agreements. In the year-ago quarter, revenues had totaled $0.38 million. Revenues declined as the number of active license agreements fell due to expiry of patents of Geron’s underlying technology. Despite the better-than-expected results, shares of Geron were down almost 6.1% in after-hours trading on Mar 12 amid bloodbath in broader markets related to the coronavirus outbreak. In the past year, the stock has declined 39.6% compared with the industry’s 16% decrease. R&D expenses were $24.9 million compared with $5.1 million in the year-ago quarter as well as $11.1 million in the previous quarter. The significant year over year increase in R&D expenses was due to transition costs and higher clinical activity related to its lead p...