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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?


To: Stock Watcher who wrote (35735)7/11/2000 10:35:51 AM
From: Stock Watcher  Respond to of 52051
 
GNTA (index #2)news (float 9.7M): Genta Launches Follow-up Studies of Genasense(TM) Combination Therapy for Prostate Cancer at Major Cancer Centers

LEXINGTON, Mass., July 11 /PRNewswire/ -- Genta Incorporated (Nasdaq: GNTA - news) announced the launch of two additional clinical studies to evaluate its antisense drug, GenasenseTM, for treatment of men with advanced prostate cancer. Both trials use Genta's lead compound in combination with TaxotereTM (docetaxel; Aventis, Inc.). The similarly designed studies will be conducted by Dr. Anthony Tolcher of the Institute for Drug Development, Cancer Therapy Research Center, San Antonio, TX, and by Dr. Howard Scher at Memorial Sloan-Kettering Cancer Center, New York, NY.

Dr. Tolcher was formerly a member of a leading genitourinary (GU) oncology research group at the University of British Columbia in Vancouver. This group has recently published a series of preclinical studies showing the importance of Bcl-2 expression in prostate cancer progression, and that Bcl-2 antisense treatment, alone or in combination with taxane or mitoxantrone chemotherapy, exerts extremely potent anticancer effects. Abstracts of this work can be viewed by following this link to the journals of the American Association for Cancer Research (http://www.aacr.org/), and then searching on ``Tolcher''.

-- Progression to androgen independence is delayed by adjuvant treatment
with antisense bcl-2 oligodeoxynucleotides after castration in the
LNCaP prostate tumor model. Clinical Cancer Research 5:2891-98, 1999.
-- Downregulation of bcl-2 expression by the antisense oligonucleotide
G3139 enhances paclitaxel chemosensitivity in the androgen-independent
prostate cancer LNCaP xenograft model. Clinical Cancer Research
(Suppl.) Vol. 5, November 1999
-- Downregulation of bcl-2 expression by antisense-oligonucleotide (AS-
ODN) treatment enhances mitoxantrone cytotoxicity in the androgen-
dependent Shionogi tumor model. Proc. Am Assoc Cancer Res. 40: 1999.
-- Antisense bcl-2 oligodeoxynucleotides inhibit progression to androgen-
independence after castration in the Shionogi tumor model. Cancer
Research 59:4030-34, 1999.

Dr. Scher is the head of GU Oncology in the Department of Medicine at Memorial Sloan-Kettering. His trial is a prostate-specific extension of the Phase 1 study reported by his group in May at the annual meeting of the American Society of Clinical Oncology in New Orleans.

``Genta has worked closely with Aventis Oncology in establishing these two trials, and we are grateful for the support of that company in their execution,'' observed Dr. Raymond P. Warrell, Jr., President and Chief Executive Officer, who went onto note: ``Prostate cancer is one of Genta's highest priorities. Given the exceptionally strong preclinical data, as well as early clinical results obtained in GU cancer patients, we expect these two studies to accrue rapidly. Ideally, we'd like to be able to prioritize our decision to proceed to registration studies in prostate cancer, and also to determine the most useful partner drug, in the near future.

``These trials comprise a key part of a broad research and development strategy at Genta,'' noted Dr. Howard Fingert, Vice-President for Clinical Affairs, who also stated: ``First, for early-stage prostate cancer, we are developing small molecules from our Androgenics Technologies program, which both inhibit androgen biosynthesis and inactivate androgen receptors, in patients who are hormonally sensitive. Second, as Dr. Tolcher and others have reported, Bcl-2 antisense can then be used during hormonal therapy to substantially delay the onset of hormonal resistance. Finally, in patients who have relapsed from hormone treatment, Genasense can be added to state-of- the-art chemotherapy and radiation treatment protocols to dramatically improve responsiveness of the disease.''

Genta Incorporated is a biopharmaceutical company with a product portfolio focused on anticancer therapy. Our research platform is anchored by our Anticode(TM) (antisense) technology, and the pipeline includes a number of other important anticancer products. GenasenseTM, the Company's lead compound, has received ``Fast Track'' designation from the Food and Drug Administration. The combination of Genasense plus dacarbazine is currently undergoing a Phase 3 trial in patients with advanced melanoma. Genta aims to become a direct marketer of its pharmaceutical products in the United States. For more information about Genta, please visit our website at: genta.com .

Forward-looking statements:

The statements contained in this press release that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the expectations, beliefs, intentions or strategies regarding the future. Without limiting the foregoing, the words ``anticipates,'' ``believes,'' ``expects,'' ``intends,'' ``may'' and ``plans'' and similar expressions are intended to identify forward-looking statements. The Company intends that all forward-looking statements be subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's views as of the date they are made with respect to future events, but are subject to many risks and uncertainties, which could cause the actual results of the Company to differ materially from any future results expressed or implied by such forward-looking statements. For example, the results obtained in pre-clinical or clinical studies may not be indicative of results that will be obtained in future clinical trials, and delays in the completion of clinical trials as a result of delays in patient enrollment or other factors may occur. Further examples of such risks and uncertainties also include, but are not limited to: the obtaining of sufficient financing to maintain the Company's planned operations; timely development, receipt of necessary regulatory approvals, and acceptance of new products; the successful application of the Company's technology to produce new products; the obtaining of proprietary protection for any such technology and products; the impact of competitive products and pricing and reimbursement policies; and the changing of market conditions. The Company does not undertake to update forward- looking statements. Although the Company believes that the forward-looking statements contained herein are reasonable, it can give no assurances that the Company's expectations are correct. All forward looking statements are expressly qualified in their entirety by this cautionary statement and other factors detailed in the Company's reports filed with the Securities and Exchange Commission.

SOURCE: Genta Incorporated