Geron Corp (GERN)

[the gipper]

None of us know the terms of the agreement between them. However, no Corp. is going to have their hands tied in the event of the sale of their company because of an ongoing "non-binding" agreement with another Corp. Very likely JNJN has a first offer contingency, which would give them the rights for purchase in an arms length agreement.
If a bidding war would break because of the effectiveness of Imetelstat JNJN would likely have the first right for purchase....at arms length....IMHO