GENTA INCORPORATED /DE/
8-K, 1999-04-21
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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): April 19, 1999

                                   ----------


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

                         Commission file number 0-19635


              Delaware                                      33-0326866
  (State or other jurisdiction of                (I.R.S. Employer Identification
   incorporation or organization)                            Number)



           99 Hayden Avenue, Suite 200, Lexington, Massachusetts 02421
                    (Address of principal executive offices)
                                   (Zip Code)


                                 (781) 860-5150
              (Registrant's telephone number, including area code)



                 3550 General Atomics Court, San Diego, CA 92121
                                (Former address)


<PAGE>



                               GENTA INCORPORATED
                                    FORM 8-K
                                 CURRENT REPORT

                                TABLE OF CONTENTS

                                                                           Page

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

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

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


                                      - 2 -


<PAGE>

Item 5. OTHER EVENT

        On April 19, 1999 the Company issued the press release  attached  hereto
as Exhibit 99.1.

Item 7.  EXHIBIT

        99.1 Press Release dated April 19, 1999.


                                      - 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:   April 21, 1999

                                      GENTA INCORPORATED


                                      /s/  Kenneth G. Kasses, Ph.D.
                                      -----------------------------
                                      Kenneth G. Kasses, Ph.D.
                                      President, Principal Executive Officer and
                                      Director


                                      - 4 -





                                  Exhibit 99.1
                                  Press Release



AT THE COMPANY               AT THE FINANCIAL RELATIONS BOARD
- --------------               --------------------------------
Howard Fingert, M.D.         For General Info: Susan Jayson      (212) 661-8030
Vice President               For Analyst Info: Brian Gill        (212) 661-8030
(781) 860-5150               For Media Info:   Deanne Eagle      (212) 661-8030

FOR IMMEDIATE RELEASE:
April 19, 1999

            INVESTIGATORS REPORT GENTA'S ANTISENSE DRUG COMBINED WITH
                   STANDARD CHEMOTHERAPY CURES HUMAN LYMPHOMAS
                       AND BREAST CANCERS IN MOUSE MODELS

               Results with G3139 Support Ongoing Clinical Program

LEXINGTON,  MA, April 19, 1999 -- Genta  Incorporated  (Nasdaq:  GNTA) announced
that  scientists  reported the results of preclinical  studies with Genta's lead
product in development,  G3139, at the recently concluded 90th annual meeting of
the American Association for Cancer Research (AACR) held in Philadelphia, PA.

G3139 was  designed  to reduce  the Bcl-2  protein  level in cancer  through  an
"antisense"  mechanism  that  specifically  targets the bcl-2 gene  product.  In
several human cancers,  the protein produced by the bcl-2 gene is believed to be
a  major  factor  in  resistance  to  treatment  with  many  anticancer   drugs.
Researchers  have proposed  that G3139 could  improve the treatment  response of
human  cancers when  combined with  anticancer  drugs - especially  when used in
cancers that are resistant to the anticancer drugs, a common clinical problem.

Dr.  Dajun Yang and  colleagues  working with Dr. Marc Lippman from the Lombardi
Cancer  Center,  Georgetown  University  Medical  Center,  presented  results of
studies with human breast  tumors,  testing G3139 in  combination  with standard
anticancer agents. Cell cultures of human breast cancers demonstrated that G3139
reduced the Bcl-2 protein  levels and enhanced  apoptosis,  or  programmed  cell
death,  when G3139 was combined  with  docetaxel  (Taxotere(R))  and  paclitaxel
(Taxol(R)),  drugs that are widely used for  clinical  treatment  of  metastatic
breast cancer.  Then using a mouse model with an aggressive form of human breast
cancer that  consistently  leads to death of the animals,  treatments with G3139
plus docetaxel led to complete regression of the human breast tumors that lasted
beyond six months.

"We  consider  these  mice to be  cured of the  breast  cancer.  This  treatment
response could not be achieved using either drug alone," reported Dr. Yang.


<PAGE>

The treatment  program used relatively low doses of the anticancer agent and the
mice demonstrated no treatment-related  side effects. The investigators repeated
their  treatments  using mice with larger  human  breast  tumors,  modeling  the
situation of patients who may have advanced,  metastatic  breast cancer.  Again,
the results showed major,  durable regression of the human breast tumors with no
major  toxicities.  Studies also  provided  evidence  that G3139  reduces  Bcl-2
protein levels in vivo within the human breast tumors.

Investigators  from the BC Cancer Agency in British Columbia,  Canada,  reported
similar results with G3139 when combined with other  anticancer  drugs.  Dr. Kim
Chi and  colleagues  reported  major  treatment  response of human breast tumors
grown in mice after combined treatment with G3139 and doxorubicin, another agent
widely used for treatment of patients with breast cancer.

Using a model with human  lymphoma in mice that  consistently  leads to death of
the mice in about 35 days, Drs.  Frances M. P. Wong,  Marcel Bally,  and Richard
Klasa  from  the  BC  Cancer   Agency   reported   that  G3139   combined   with
cyclophosphamide led to 100% survival and cures of mice that lived for more than
three  months  after  treatment.  In this  model,  the human  lymphoma  grows in
multiple organs including bone marrow, spleen, lymph nodes, and thereby imitates
the  widespread  distribution  of clinical  lymphomas and other  advanced  human
malignancies.  The investigators  used a low treatment dose of  cyclophosphamide
that was well tolerated but could not produce major treatment  response or cures
when used  without  the  G3139  therapy.  Cyclophosphamide  is used  widely  for
treatment  of  human  lymphoma,  breast  cancer,  and  other  malignancies.  The
investigators  noted  that  the  long-term  cures  of  disseminated  malignancy,
observed in the mice after G3139 plus low-dose chemotherapy,  compares favorably
to outcomes from other treatment strategies, such as high- dose chemotherapy and
bone marrow  transplantation,  a strategy  that is widely used for  treatment of
human  cancers  but often  limited  by  toxicities  to normal  tissues  and high
requirements for health care resources.

Another study  presented at AACR by Drs.  Anthony  Tolcher,  Martin Gleave,  and
colleagues at the Vancouver General Hospital and University of British Columbia,
demonstrated an additive effect of a G3139 analogue, specific to the mouse, when
combined with  mitoxantrone in a mouse model of metastatic,  hormone-independent
prostate cancer.

"More than just delays in tumor growth or short-term shrinkage, the actual cures
of human cancers,  demonstrated from the animal models, after combined treatment
with G3139 and chemotherapy are certainly remarkable, since the animals were not
curable by standard  chemotherapies  given alone - a situation  often similar to
the human disease" said Kenneth G. Kasses, Ph.D., CEO of Genta.

"The  results,   presented  at  AACR  by  independent  academic   investigators,
demonstrate  striking  consistency  among  different   laboratories  and  across
different  tumor  types,  and they  provide  the basis for  rational  design and
expansion of our clinical development program for G3139,


                                      - 2 -


<PAGE>

combined with  chemotherapies  that are already widely used in cancer treatment.
Genta is  collaborating  with major  medical  centers in the U.S.,  Canada,  and
Europe in conducting six on-going clinical trials that we hope will lead rapidly
to an  understanding  of the safety and  utility  of G3139  when  combined  with
anticancer drugs for treatment of common malignancies.  In addition,  these data
will support the expansion of our clinical program," said Dr. Kasses.

Genta  Incorporated is a  biopharmaceutical  company whose strategy  consists of
building  a  product  and  technology  portfolio  focusing  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 possibility that the
proposed  Promega  transaction  will  not  be  consummated;   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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