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Genta Incorporated Announces First Quarter 2008 Financial Results and Corporate Highlights
Date:5/8/2008

erations;

-- the adequacy of the Company's patents and proprietary rights;

-- the impact of litigation that has been brought against the Company and

its officers and directors and any proposed settlement of such

litigation; and

-- the other risks described under Certain Risks and Uncertainties Related

to the Company's Business, as contained in the Company's Annual Report

on Form 10-K and Quarterly Report on Form 10-Q.

The Company does not undertake to update any forward-looking statements. There are a number of factors that could cause actual results and developments to differ materially. For a discussion of those risks and uncertainties, please see the Company's Annual Report on Form 10-K for 2007 and its most recent quarterly report on Form 10-Q.

CONTACT:

Genta Investor Relations

info@genta.com

Genta Incorporated

Selected Condensed Consolidated Financial Data

(In thousands, except per share data)

(Unaudited)

Three Months Ended

March 31

2008 2007

Product sales - net $117 $94

Cost of goods sold 25 22

Gross margin 92 72

Operating expenses:

Research and development 6,438 3,383

Selling, general and administrative 3,638 4,052

Provision for settlement of

litigation, net (260) (1,560)

Total operating expenses 9,816 5,8
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SOURCE Genta Incorporated
Copyright©2008 PR Newswire.
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