Genta Inc. is a biopharmaceutical company

Pharmaceutical company

The pharmaceutical industry develops, produces, and markets drugs licensed for use as medications. Pharmaceutical companies are allowed to deal in generic and/or brand medications and medical devices...

 based in Berkeley Heights, New Jersey

Berkeley Heights, New Jersey

Berkeley Heights is a township in Union County, New Jersey, United States. As of the 2010 United States Census, the township population was 13,183....

, United States, which develops products for the treatment of patients with cancer.

Its products include:

• Genasense (development stage anticancer oblimersen sodium injection)

• Tesetaxel (development stage anticancer oral tubulin
  Tubulin
  Tubulin is one of several members of a small family of globular proteins. The most common members of the tubulin family are α-tubulin and β-tubulin, the proteins that make up microtubules. Each has a molecular weight of approximately 55 kiloDaltons. Microtubules are assembled from dimers of α- and...
  
   inhibitor)

• Ganite (Genta's only U.S. Food and Drug Administration
  Food and Drug Administration
  The Food and Drug Administration is an agency of the United States Department of Health and Human Services, one of the United States federal executive departments...
  
   (FDA) approved drug, is a gallium nitrate injection for treatment of cancer-related hypercalcemia)

Financial record

In addition to financing agreements with institutional investors, through its history, Genta Inc., like most listed unprofitable development stage start ups, has made reverse stock split

Reverse stock split

On a stock exchange, a reverse stock split or reverse split is a process by a company of issuing to each shareholder in that company a smaller number of new shares in proportion to that shareholder's original shares that are subsequently canceled. A reverse stock split is also called a stock merge...

s and stock dilution

Stock dilution

Stock dilution is a general term that results from the issue of additional common shares by a company. This increase in common shares of a stock can result from a secondary market offering, employees exercising stock options, or by conversion of convertible bonds, preferred shares or warrants into...

in order to get financial resources and stay afloat. For example, in July 2009, the company implemented a reverse stock split, which replaced 50 old shares with one new share.

External links