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Micro-Cap of the Day; Genta Incorporated (GNTA)

By Warren Paige

Shares of Genta Incorporated (PINK: GNTA), a biopharmaceutical company engaged in the identification, development and commercialization of novel drugs for treatment of cancer and related diseases, are seeing a huge rally in trading today.

At last check, GNTA shares were trading 57.14% higher at $0.0011 on above average volume of 312.55 million.

According to a filing made by Genta Incorporated earlier this week, the company received formal notice from the drug regulatory authority of China (SFDA) that it can start clinical trial with tesetaxel in China. Tesetaxel is GNTA’s lead clinical compound.

SFDA requested and approved a dose-ranging study of the combination of capecitabine plus tesetaxel, up to and including the dose used in a pivotal randomized trial (known as TESEGAST), as well as subsequent participation by China in the TESEGAST study.

The TESEGAST study has been designed to assess the safety and activity of tesetaxel plus capecitabine compared with capecitabine plus placebo in patients with advanced gastric cancer.

August 1st, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.