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Micro-Cap on the Move; Genta Incorporated (GNTA)

By Warren Paige

Genta Incorporated (PINK: GNTA), a biopharmaceutical company with a diversified product portfolio that is focused on delivering innovative products for the treatment of patients with cancer, is seeing a sharp rise in its shares in trading today.

GNTA shares are currently trading 30% higher at $0.0013 on above average volume of 263.58 million.

Genta Incorporated shares are surging after the company announced results from its Phase 2 clinical trial using tesetaxel as initial, single-agent chemotherapy in women with advanced breast cancer.

Dr. Loretta M. Itri, President of Pharmaceutical Development and Chief Medical Officer, at Genta, said that the data confirms results from GNTA’s prior study, both of which show significant activity for tesetaxel in patients with advanced HER2-negative breast cancer. Dr. Itri noted that GNTA is also exploring an alternate dosing schedule in this population using weekly treatment.

May 22nd, 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.