Holder, that's your opinion! I thik you are totally wrong!
Genta is still alive, or do you know somthing different?
For sure, Genta needs more money. However, big biotech and pharma companies need new block busters and medicaments. Many will have some problems in the future as their pipeline has drought up.
Genta has 3 potential drugs in PHII/PHIII. OK, the FDA is not satisfied with Genasense but on the other hand gave an orphan drug status to Tesetaxel.
So, what do you think will the big ones probably do?
Start with new drugs at a zero base? NO!
Search for potential companies with a pipeline in a PHII or better PHIII? YES!
Where is GENTA?
S402005