US FDA Staff Question Benefits Of Genta Incorporated’s Genasense; Shares Halted Pending Outcome Of FDA Panel Hearing

U.S. Food and Drug Administration staff questioned the benefits of Genta Inc.'s experimental drug Genasense on Tuesday for patients with a type of blood cancer, and the company’s stock fell more than 35 percent. Shares of Genta were halted on Wednesday pending the outcome of a Food and Drug Administration advisory panel hearing on its oncology drug candidate Genasense.

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