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Genta files for Chapter 7 bankruptcy

13:58 EDT 2 Aug 2012 | BioCentury

Cancer company Genta Inc. (OTCBB:GNTA) said it intends to file for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. At March 31, the company had $2.6 million in cash and a three-month net operating cash burn of $1.3 mil..

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