Dallas 12/8/2011 1:27:26 AM
News / Stocks

GNTA, NPDT and RITT are the Daily Market Movers for December 7th from OTCPicks.com

OTCPicks.com Presents Today’s Daily Market Movers GNTA, NPDT and RITT

GENTA INCORPORATED (OTCBB: GNTA) "Up 55.56% in morning trading"

Genta Incorporated is a biopharmaceutical company with a diversified product portfolio that is focused on delivering innovative products for the treatment of patients with cancer. The Company is developing tesetaxel, a novel, orally absorbed taxane that is in the same class of drugs as paclitaxel and docetaxel. As the leading oral taxane in clinical development, tesetaxel has been evaluated in a broad program of completed or ongoing Phase 2a/Phase 2b clinical trials. The Company has announced that gastric (stomach) cancer will be the lead indication for Phase 3 registration studies. Genasense® (oblimersen sodium) Injection is a modified DNA-based antisense drug that may enhance the effectiveness of anticancer therapy. Genta has completed enrollment in a randomized, double-blind Phase 3 study of Genasense® in patients with advanced melanoma, known as “AGENDA”. Final data on survival and durable response from AGENDA, which may be pivotal for regulatory approval, are expected in the first half of 2011. Genta is exclusively marketing Ganite® (gallium nitrate injection) in the U.S., which is indicated for treatment of symptomatic patients with cancer-related hypercalcemia that is resistant to hydration. The Company has developed proprietary oral formulations of the active ingredient in Ganite® that are being evaluated as potential treatments for diseases associated with accelerated bone loss. Ganite® and Genasense® are available on a “named-patient” basis in countries outside the United States.

NEWPORT DIGITAL TECHNOLOGIES INCORPORATED (OTCBB: NPDT) "Up 33.33% in morning trading"

Newport Digital Technologies, Inc. is a technology solutions driven company focused on the fast growing digital signage & LED lighting market. NPDT develops and delivers these technology solutions through strategic collaborations with global partners in Taiwan and China as well as with U.S. installation partners and has the ability to develop and install virtually any digital signage or LED lighting solution.

RIT TECHNOLOGIES (NASDAQ: RITT) "Up 14.32% in morning trading"

RiT is a leading provider of intelligent solutions for infrastructure management, asset management, environment and security, and network utilization. RiT Enterprise solutions address datacenters, communication rooms and workspace environments, ensuring maximum utilization, reliability, decreased downtime, physical security, automated deployment, asset tracking, and troubleshooting. RiT Carrier solutions provide carriers with the full array of network mapping, testing and bandwidth qualification capabilities needed for access network installation and service provisioning. RiT's field-tested solutions are delivering value in thousands of installations for top-tier enterprises and operators throughout the world.

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