GENTA INCORPORATED /DE/
8-K, 1998-06-23
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):  June 18, 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

Item 7.  Exhibit

Signature


                                      - 2 -

<PAGE>

ITEM 5.  OTHER EVENT

         On June 18, 1998 the Company issued the press release  attached  hereto
as Exhibit 99.1.

ITEM 7.           EXHIBIT

         99.1   Press Release dated June 18, 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.



                                                   GENTA INCORPORATED



Date: June 18, 1998                            /s/ Kenneth G. Kasses, Ph.D.
                                                  ----------------------------
                                                  Kenneth G. Kasses, Ph.D.
                                                  President and Chief
                                                  Executive Officer


                                      - 4 -



FOR IMMEDIATE RELEASE
                                               Contact: Robert E. Klem, Ph.D.
                                                        Vice President
                                                        805-544-8524


             GENTA TO COMMENCE PHASE I/IIa MALIGNANT MELANOMA TRIAL
     OF bcl-2 ANTISENSE COMPOUND IN COMBINATION WITH A CHEMOTHERAPEUTIC DRUG

             PRE-CLINICAL STUDIES SHOWED SIGNIFICANT TUMOR REDUCTION
                   IN MOUSE TRANSPLANT MODEL OF HUMAN MELANOMA

SAN  DIEGO,  CA,  JUNE  18,  1998 -- Genta  Incorporated  (Nasdaq:  GNTA)  today
announced that it will initiate a new Phase I/IIa study of its lead  development
compound G3139 at the University of Vienna, Austria. This study will examine the
effects  of G3139 in the  treatment  of Stage  III and IV  metastatic  malignant
melanoma in combination  with dacarbazine  (DTIC), a commonly used  chemotherapy
drug. The principal  investigators  in this study,  Dr.  Burkhard Jansen and Dr.
Hubert  Pehamberger,  were also the key  investigators in a preclinical study of
the same  combination  in an animal model of human  melanoma.  This new clinical
trial is designed to examine the  effectiveness of the same combination in about
thirty  patients by  measuring  the impact on both the  production  of the Bcl-2
protein and on tumor volumes.

PRE-CLINICAL STUDIES SHOWED SIGNIFICANT TUMOR REDUCTION

The results of the animal study, which were published in the February 1998 issue
of Nature Medicine, a leading scientific peer-reviewed journal, demonstrated the
effectiveness  of Genta's G3139 antisense  compound as a  chemosensitizer.  This
preclinical study examined the effect of G3139 on dacarbazine (DTIC) sensitivity
in a human  melanoma  transplant  in  immuno-compromised  mice compared to three
control groups: a saline control, a reverse sequence  antisense  oligonucleotide
and  a  mismatched  pair  oligonucleotide.  When  DTIC,  the  most  widely  used
chemotherapeutic  agent in melanoma,  was administered to the animals,  the mean
tumor weights in all three control groups were not  significantly  different but
the  G3139  group  had a mean  tumor  weight  close  to zero and the  tumor  was
completely ablated in ten out of thirteen animals. In a separate experiment, the
authors  also  demonstrated  that the  antisense  compound,  G3139,  alone had a
significantly greater effect in reducing tumor growth 


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Genta Incorporated                                                June 18, 1998
Page 2                                                            #98C00

than did the three control treatments.

"When we were  presented  with these  results by our  colleagues  in Vienna,  we
became very interested in pursuing the clinical  examination of this combination
therapy,"  stated Kenneth G. Kasses,  President and Chief  Executive  Officer of
Genta.  "We have  theorized  that G3139,  by  downregulating  the Bcl-2 protein,
should  resensitize the cells to chemotherapy  and cell death.  This Phase I/IIa
study,  which  is  about  to  commence,  will be our  first  effort  to test our
hypothesis in patients."

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,  cell types 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,
designed 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 


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<PAGE>

Genta Incorporated                                                June 18, 1998
Page 3                                                            #98C00

cells' sensitivity to apoptotic stimuli,  including many chemotherapeutic agents
(an effect that has been termed "chemosensitization").

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.  Other  clinical  studies  are also in
development and should be initiated beginning very shortly.

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 and 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,  including  the  following:  the results  obtained  in  pre-clinical
studies  may not be  indicative  of results  that will be  obtained  in clinical
trials;  all of Genta's potential products are at an early stage of development;
neither  Genta  nor,  to its  knowledge,  any other  company,  has  successfully
completed  human  clinical  trials of a product  based on antisense  technology;
there can be no  assurance  that  Genta will  receive  regulatory  approvals  to


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<PAGE>

Genta Incorporated                                                June 18, 1998
Page 4                                                            #98C00

commence  or continue  clinical  trials of product  candidates  or to market any
products or that delays in completion  of clinical  trials as a result of delays
in patient  enrollment  or other  factors  will not  occur;  and there can be no
assurance  that Genta  will be able to obtain  adequate  funding to achieve  its
objectives.  The  Company  does not  undertake  to  update  any  forward-looking
statements.


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