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Genta Postscript: Defunct Company’s Former President Charged With Insider Trading

 
• By Brenda Sandburg

Loretta Itri told a longtime friend of the negative results of a Phase III study of Genasense in advanced melanoma before the news was public.

Two years after Genta Inc.’s Chapter 7 bankruptcy liquidation, the Securities and Exchange Commission charged the biopharmaceutical company’s former president and chief medical officer Loretta Itri and two others with insider trading.

In an April 21 complaint, the SEC alleged that Itri told a longtime friend about the negative results of a 2009 Phase III clinical trial for Genta’s Genasense...

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More from North America

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