GENTA INCORPORATED /DE/
8-K, 1998-12-08
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT


     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of earliest event reported):  December 7, 1998


                               GENTA INCORPORATED
             (Exact name of registrant as specified in its charter)

                         Commission file number 0-19635

           Delaware                                      33-0326866
(State or other jurisdiction of             (IRS Employer Identification Number)
incorporation or organization)


                 3550 General Atomics Court, San Diego, CA 92121
                    (Address of principal executive offices)
                                   (Zip Code)


                                 (619) 455-2700
              (Registrant's telephone number, including area code)


<PAGE>



                               GENTA INCORPORATED

                                    FORM 8-K

                                 CURRENT REPORT

                                TABLE OF CONTENTS


Item 5.  Other Event ..........................................................3

Item 7.  Exhibit ..............................................................3

Signature .....................................................................4


                                      - 2 -

<PAGE>

ITEM 5.  OTHER EVENT

         On December 7, 1998, the Company  issued the press release  attached as
Exhibit 99.1 below.

ITEM 7.           EXHIBIT

         99.1   Press Release dated December 7, 1998.


                                      - 3 -

<PAGE>

                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


Date: December 8, 1998


                                        GENTA INCORPORATED



                                        /s/ Kenneth G. Kasses, Ph.D.
                                        ----------------------------
                                        Kenneth G. Kasses, Ph.D.
                                        Chairman of the Board of Directors,
                                        President, Principal Executive Officer
                                        and Principal Financial Officer

                                      - 4 -



FOR IMMEDIATE RELEASE                       Contact: Kenneth G. Kasses, Ph.D.
                                            Chairman, President and CEO
                                            (619) 455-2700

           Report at American Association for Cancer Research Meeting
          Presents Scientific Basis for Clinical Trial Now Underway at
                         British Columbia Cancer Agency

         Bcl-2 Antisense Shows Potent Anti-Tumor Effects in Pre-Clinical
                            Models of Prostate Cancer

San Diego, CA, December 7, 1998 - Genta  Incorporated  (Nasdaq:  GNTA) announced
that Dr. Martin Gleave, Associate Professor of Surgery/Urology at The University
of British Columbia and Vancouver General Hospital,  presented  research results
last Friday at the American  Association for Cancer  Research  (AACR)  sponsored
conference  entitled,  New Research  Approaches  in the  Prevention  and Cure of
Prostate Cancer. The research,  conducted by Dr. Gleave and his associates, Drs.
Anthony  Tolcher and Hideake  Miyake,  revealed a significant  role of the Bcl-2
protein in the progression of  hormone-resistant  prostate cancer.  Furthermore,
their work revealed  potent effects of Genta's Bcl-2  antisense  sequence on the
levels of Bcl-2 messenger RNA and protein levels in their pre-clinical models.

G3139, which is Genta's proprietary  Anticode(TM)  product targeted to Bcl-2, is
now in clinical development for treatment of prostate cancer, lymphoma, melanoma
and other malignancies.

Prostate cancer is the most common  malignancy in men in North America,  and the
second leading cause of cancer-related  death behind lung cancer. While hormonal
therapy is initially very  effective,  the disease often  progresses and becomes
hormone-resistant;  outcome for patients is poor with available treatments.  Dr.
Gleave  reported that,  using two models for human prostate  cancer in mice, the
group made new progress in understanding the mechanisms for progressive prostate
cancer and its resistance to therapy. "We now have a better understanding of the
genetic changes linked to progressive prostate cancer, including the frequent up
regulation of the bcl-2 gene and increased  production of related proteins which
appear to prevent tumor cell death (apoptosis),  increasing the growth advantage
for prostate cancer cells despite therapy with hormones or drugs,"  reported Dr.
Gleave.  "Using G3139  antisense  product in the prostate cancer cells, we found
specific  and  consistent  block  of this  Bcl-2  protein,  linked  to  striking
inhibition of cancer cell growth both in cell culture and in mice."


                                    - more -

<PAGE>

Results with Combination Therapy Leads to New Clinical Trial

Dr.  Gleave also  reported  that they found that Bcl-2  antisense  significantly
improved the anticancer  action of paclitaxel and  mitoxantrone,  two drugs that
are widely used for clinical  treatment  of patients  with  metastatic  prostate
cancer. "Supporting our prediction that Bcl-2 was linked to resistance by cancer
cells to chemotherapy,  we found that antisense  oligonucleotides  could improve
the potency of these  standard  chemotherapies  by over  10-fold in the prostate
cancer models," reported Dr. Gleave.  "This is a dramatic improvement in potency
that could not be easily reproduced by other treatment  strategies.  Since G3139
is already in clinical studies and we know a great deal about patient  tolerance
as a single  agent,  these  findings  contribute to a potential new approach for
combination therapy of prostate cancer."

Based on these  results  presented by Dr.  Gleave,  and other  ongoing  clinical
studies with G3139,  a Phase I-II  protocol  has been started with Drs.  Richard
Klasa and Kim Chi at the British  Columbia  Cancer Agency to treat patients with
progressive prostate cancer using G3139 in combination with mitoxantrone.

Background Information on Apoptosis, Cancer, Bcl-2 and G3139

The body's  cells are  normally  programmed  to detect  damage in their  genetic
makeup and to enter into a suicidal  state when such  alterations  are detected.
This natural  process,  known as apoptosis or "programmed cell death," helps the
body regulate its own well being by  destroying  damaged  cells.  In many cancer
cells,  however,  this  process of natural  cell death is  inhibited by the over
expression of a protein called Bcl-2,  which is produced by a gene identified as
bcl-2.  Consequently  these cancer cells, even though damaged,  resist dying and
continue multiplying.

In many cases,  cells that over produce the Bcl-2 protein are also  resistant to
chemotherapeutic  agents, many of which act by stimulating apoptosis,  and these
cancers have been associated with an unfavorable prognosis.  For example, it has
been   reported   that  Bcl-2   protein  is  over   produced  in  virtually  all
hormone-refractory,      metastatic      prostate     cancer;      80-90%     of
estrogen-receptor-positive  breast cancer; 70-100% of follicular lymphomas;  and
up to  90% of  malignant  melanomas.  Bcl-2  has  also  been  reported  to be up
regulated in some lung, gastric and colorectal cancers.

Using a single  drug based on the  genetic  sequence  of the bcl-2  gene,  Genta
Incorporated  is  developing a novel  therapeutic  approach to treating  several
cancers. Genta developed this synthetic DNA-like molecule,  identified as G3139,
to bind specifically to a small segment of the messenger RNA, which produces the
harmful Bcl-2  protein.  Once bound to the  messenger  RNA, the messenger RNA is
destroyed,  preventing  the  production  of the  Bcl-2  protein.  (This  type of
interference  with the process,  whereby  genes produce  proteins  through their
messenger  RNA,  has been  called  "antisense.")  The  goal of this  therapeutic
approach is to restore the diseased  cells'  sensitivity  to apoptotic  stimuli,
including many chemotherapeutic agents - an effect called  "chemosensitization."


                                       2

<PAGE>

In  February  1998,  a report  of such  chemosensitization  appeared  in  Nature
Medicine, a peer-reviewed, scientific journal. In the report, G3139 was shown to
enhance the effect of a standard chemotherapeutic agent, DTIC or dacarbazine, in
a mouse model of human malignant melanoma. In two experiments with a total of 13
animals, 10 had no tumor after the combined treatment and the other three showed
an average reduction in tumor weight of 90% compared to the DTIC-alone  treated,
control animals.

Genta is now in the clinical development phases of G3139. A Phase I study at the
Royal Marsden Hospital in London has been completed,  and a Phase I/IIa study is
in progress at the Memorial  Sloan-Kettering  Cancer  Center in New York City. A
preliminary report of the study at the Royal Marsden was published in The Lancet
in April 1997.  Although this was primarily a safety  study,  the  investigators
reported very encouraging  biological  clinical activity of the drug,  including
one complete  response to G3139 alone.  The first  combination  drug trial using
G3139 and DTIC in malignant  melanoma is in progress at the University of Vienna
conducted  by the same  investigators  who  published  the work  cited in Nature
Medicine,  above.  Another study has been  initiated at the Sidney Kimmel Cancer
Center in San Diego to study longer durations of therapy and in combination with
androgen receptor  blockade,  the most common  therapeutic  approach to prostate
cancer.  A study to examine  the  concurrent  use of G3139 and  mitoxantrone  in
prostate  cancer has recently  started at the British  Columbia Cancer Agency in
Vancouver as noted above.  Other clinical  studies are also in  development  and
should be initiated in the coming months.

Genta  Incorporated  (Nasdaq:  GNTA) is a  biopharmaceutical  company focused on
building  a  product  and  technology   portfolio  based  on  its   Anticode(TM)
(antisense) products intended to treat cancer at its genetic source.

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
expectations 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 studies may not be
indicative  of results that will be obtained in clinical  trials;  Genta has not
successfully  completed  human  clinical  trials of a product based on antisense
technology;  and  delays in the  completion  of  clinical  trials as a result of
delays in patient enrollment or other factors may occur.  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;  the 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.

                                      # # #


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