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Biotech Stock Mailbag: Vical, Hep C Drugs

Genta's latest attempt to push through another reverse stock split was denied by the Financial Industry Regulatory Authority. Genta's last financing in September was contingent on a reverse stock split taking place before Feb. 15, which now appears impossible. Genta has over 1.5 billion shares outstanding (and rising rapidly) and the stock trades for 0.0019 per share as of Wednesday.

--Written by Adam Feuerstein in Boston.



>To contact the writer of this article, click here: Adam Feuerstein.

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Adam Feuerstein writes regularly for TheStreet. In keeping with company editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet. He also doesn't invest in hedge funds or other private investment partnerships. Feuerstein appreciates your feedback; click here to send him an email.
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