Genta Incorporated Announces Second Quarter 2007 Financial Results and Corporate ... (nties please see the Company's Annual Re...)

Genta Incorporated Announces Second Quarter 2007 Financial Results and Corporate Highlights

Date:8/19/2007

nties, please see the Company's Annual Report on Form 10-K for 2006 and its most recent quarterly report on Form 10-Q.

CONTACT:

For Genta Incorporated

Tara Spiess

TS Communications Group, LLC

(908) 286-3980

Genta Incorporated

Selected Condensed Consolidated Financial Data

(In thousands, except per share data)

(Unaudited)

Three Months Ended Six Months Ended

June 30 June 30

2007 2006 2007 2006

Product sales - net $105 $379 $199 $446

Cost of goods sold 26 22 48 38

Gross margin 79 357 151 408

Operating expenses:

Research and development 4,099 8,637 7,481 13,387

Selling, general and

administrative 4,735 6,716 8,787 12,173

Reduction in liability for

settlement of litigation (240) - (1,800) -

Total operating expenses 8,594 15,353 14,468 25,560

Other income 280 354 478 614

Net loss $(8,235) $(14,642) $(13,839) $(24,538)

Net loss per basic and diluted

share $(0.27) $(0.66) $(0.48) $(1.17)

Shares used in computing basic and

diluted net loss per share

(adjusted for 1-for-6 reverse

stock split on July 13, 2007) 30,621 22,278 28,604 20,995

Selected Condensed Consolidated Balance Sheet Data

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SOURCE Genta Incorporated

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