Published:
Genta Incorporated to Host Conference Call to Discuss Third Quarter 2009 Financial Results and Operational Priorities on November 16, 2009
BERKELEY HEIGHTS, N.J. - (BUSINESS WIRE) - Genta Incorporated (OTCBB: GETA) announced that the Company will release
its third quarter 2009 financial results on Monday, November 16, 2009.
Genta management will host a conference call and live audio webcast that
morning to discuss the financial results at 8:00 am EST.
The detailed quantitative results from the Company's Phase 3 trial in
advanced melanoma, known as AGENDA, will also be presented on November
16, 2009, at the international conference, "Molecular Targets and
Cancer Therapeutics" , in Boston, MA in an oral session at 5:00 PM
EST. In the conference call and webcast, the Company expects to discuss
current results and to review potential plans for the evaluation of
overall survival from AGENDA. As of November 4, 2009, the Company has
communicated with its investigators that - based upon the recommendation
of the trial's Independent Data Monitoring Board - the double-blind
design will remain in place, and all patients are currently expected to
continue in the study as originally planned. During the conference call
and webcast, the Company also expects to review actions that will
restructure operations, conserve cash, and prioritize expenses that will
accelerate development of our pipeline products, tesetaxel and oral
gallium.
Participants can access the live call by dialing (877) 634-8606 (U.S.
and Canada) or (973) 200-3973 (International). The access code for the
live call is Genta Incorporated. The call will also be webcast live at http://www.genta.com/investorrelation/events.html
For investors unable to participate in the live call, a replay will be
available approximately two hours after the completion of the call, and
will be archived for 30 days. Access numbers for this replay are: (800)
642-1687 (U.S. and Canada) and (706) 645-9291 (International);
conference ID number is: 37594914.
About Genta
Genta Incorporated is a biopharmaceutical company with a diversified
product portfolio that is focused on delivering innovative
products for the treatment of patients with cancer. Two major
programs anchor the Company's research
platform: DNA/RNA-based Medicines and Small Molecules. Genasense
(oblimersen sodium) Injection is the Company's lead compound from
its DNA/RNA Medicines program. Genasense is being developed as an agent
that may enhance the effectiveness of current anticancer therapy. The
leading drug in Genta's Small Molecule program is Ganite
(gallium nitrate injection), which the Company is exclusively
marketing in the U.S. for treatment of symptomatic patients with cancer
related hypercalcemia that is resistant to hydration. The Company has
developed G4544,
an oral formulation of the active ingredient in Ganite, which has
recently entered clinical trials as a potential treatment for diseases
associated with accelerated bone loss. The Company is also developing tesetaxel,
a novel, orally absorbed, semi-synthetic taxane that is in the same
class of drugs as paclitaxel and docetaxel. Ganite and Genasense are
available on a "named-patient"
basis in countries outside the United States. For more information about
Genta, please visit our website at: www.genta.com.
Safe Harbor
This press release may contain forward-looking statements with
respect to business conducted by Genta Incorporated. By their nature,
forward-looking statements and forecasts involve risks and uncertainties
because they relate to events and depend on circumstances that will
occur in the future. Such forward-looking statements include
those that express plan, anticipation, intent, contingency, goals,
targets, or future developments and/or otherwise are not statements of
historical fact. The words "potentially" , "anticipate" , "could" ,
"calls for" , and similar expressions also identify forward-looking
statements. The Company does not undertake to update any
forward-looking statements. Factors that could affect actual
results include, without limitation, risks associated with:
-
the Company's ability to obtain necessary regulatory approval for
its product candidates from regulatory agencies such as the U.S. Food
and Drug Administration ("FDA" );
-
the safety and efficacy of the Company's products or product
candidates;
-
the commencement and completion of any clinical trials;
-
the Company's assessment of its clinical trials;
-
the Company's ability to develop, manufacture, license, or sell its
products or product candidates;
-
the Company's ability to enter into and successfully execute any
license and collaborative agreements;
-
the adequacy of the Company's capital resources and cash flow
projections, the Company's ability to obtain sufficient financing to
maintain the Company's planned operations, the financial ability to
sustain further followup in the AGENDA trial, or the Company's risk of
bankruptcy;
-
the adequacy of the Company's patents and proprietary rights;
-
the impact of litigation that has been brought against the Company;
and
-
the other risks described under Certain Risks and Uncertainties
Related to the Company's Business, as contained in the Company's
Annual Report on Form 10-K and Quarterly Report on Form 10-Q.
There are a number of factors that could cause actual results and
developments to differ materially. For a discussion of those
risks and uncertainties, please see the Company's Annual Report on Form
10-K for 2008 and its most recent quarterly report on Form 10-Q.
Genta Investor Relations
908-286-3980
info@genta.com
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