Genenta Showcases Strategic Vision at Premier Biotech Forum in Qatar
April 15 2025 - 5:00AM
Pierluigi Paracchi, CEO Genenta Science (Nasdaq:
GNTA), a pioneer in immuno-oncology and a leader in cell-based
therapeutics, will present at
“Montalcini Global Biotech
Tour” in Doha, Qatar
on April 17th,
2025 at the Sheikh Fahad bin Jassim Al Thani
theatre, Ministry of Commerce and Industry (MOCI) Building.
Following the announcement of a €20
million ($22.7 million) strategic financing through the
issuance of a Mandatory Convertible Bond to ENEA Tech and
Biomedical (ETB) — aimed at expanding Genenta’s pipeline with the
advancement of Temferon™ in metastatic Renal Cell Cancer (mRCC) —
and the addition of
approximately €3.0 million
($3.2 million) raised via at-the-market (ATM) facility,
Genenta CEO Pierluigi Paracchi will present at the event, which
will be hosted by H.E. Ahmed bin Mohammed Al
Sayed, Minister of State for Foreign Trade Affairs of the
State of Qatar, and H.E. Prof. Orazio Schillaci,
Italian Minister of Health. H.E. Paolo Toschi,
Ambassador of Italy to the State of Qatar, will also deliver
opening remarks at the event.
Paracchi, who also serves as Moderator of the
National Working Table for the Internationalization of the Italian
Biotech sector (NWTIB) — a strategic initiative launched by Italian
Deputy Prime Minister and Minister of Foreign
Affairs Antonio Tajani — will speak
during the session dedicated to the “Italian Biotech &
Lifesciences Ecosystem,” which will also feature Massimo
Carnelos, Head of the Office for Technological Innovation
and Startups at the Italian Ministry of Foreign Affairs, and
Mario Scuderi, Senior Partner at CDP Venture
Capital. CDP VC is a long-standing investor in Genenta, having
participated in the company’s IPO on Nasdaq in 2021.
The program includes presentations by key
institutional stakeholders such as Qatar Research,
Development and Innovation Council (QRDI), represented by
Dr. Sara A. Abdulla, Senior Research Program
Manager, and concludes with bilateral meetings featuring
representatives of the Qatar Investment Authority
(QIA) — the country’s sovereign wealth fund managing over $475
billion in assets — as a strategic interlocutor in cross-border
partnerships.
Note: The information provided herein regarding
the Mandatory Convertible Bond is a summary and does not purport to
be comprehensive. The full terms and conditions of the Mandatory
Convertible Bond are set forth in the official subscription
agreement by and between Genenta and ETB and relevant bond
regulations, which are detailed and govern the issuance of the
Mandatory Convertible Bond. Investors are encouraged to refer to
the full documentation. The complete documentation with respect to
the Mandatory Convertible Bond is available in the Company’s Form
6-K filing with the SEC filed concurrently with this press release
and on the Company's website at www.genenta.com.
Note: For further details on the ATM facility,
investors are encouraged to consult the Company’s Form 6-K filed
with the SEC on March 19, 2025 and available on Genenta’s
website at www.genenta.com
About GenentaGenenta (Nasdaq:
GNTA) is a clinical stage immuno-oncology company developing a
proprietary hematopoietic stem cells therapy for the treatment of a
variety of solid tumor cancers. Genenta first in class product
candidate is Temferon™, which is designed to allow the expression
of immune-therapeutic payloads within the tumor microenvironment by
bone marrow derived myeloid cells and enable a durable and targeted
response. Genenta has completed the Phase 1 trial for newly
diagnosed Glioblastoma Multiforme patients with an unmethylated
MGMT gene promoter, which suggests the potential reprogramming of
the tumor microenvironment and inhibiting of myeloid induced
tolerance, while allowing the induction of T cell responses,
potentially breaking immune tolerance. Genenta has initiated in Q4
2024 a Phase 1/2a metastatic Renal Cell Carcinoma study that will
also include a combination with immune checkpoint
inhibitors. Genenta’s treatments are designed as one-time
monotherapies, but with the additional potential, when used in
combination, to significantly enhance the efficacy of other
approved therapeutics.
Forward-Looking
StatementsStatements in this press release contain
“forward-looking statements,” within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995, that are subject
to substantial risks and uncertainties. All statements, other than
statements of historical fact, contained in this press release are
forward-looking statements. Forward-looking statements contained in
this press release may be identified by the use of words such as
“anticipate,” “believe,” “contemplate,” “could,” “estimate,”
“expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,”
“predict,” “project,” “suggest,” “target,” “aim,” “should,” "will,”
“would,” or the negative of these words or other similar
expressions, although not all forward-looking statements contain
these words. Forward-looking statements are based on Genenta’s
current expectations and are subject to inherent uncertainties,
risks and assumptions that are difficult to predict, including
risks related to the funding to be provided by the Mandatory
Convertible Bond, the completion and timing of Genenta's ongoing
clinical trial for newly diagnosed GBM patients with uMGMT-GBM, its
clinical trial for metastatic RCC or any related studies, as well
as Genenta’s ability to fund its research and development plans.
Further, certain forward-looking statements are based on
assumptions as to future events that may not prove to be accurate.
These and other risks and uncertainties are described more fully in
the section titled “Risk Factors” in Genenta's Annual Report on
Form 20-F for the year ended December 31, 2023 filed with the
Securities and Exchange Commission. Forward-looking statements
contained in this announcement are made as of the date of this
announcement, and Genenta undertakes no duty to update such
information except as required under applicable law. This press
release discusses product candidates that are under preclinical or
clinical evaluation and that have not yet been approved for
marketing by the U.S. Food and Drug Administration or any other
regulatory authority. Until finalized in a clinical study report,
clinical trial data presented herein remain subject to adjustment
as a result of clinical site audits and other review processes. No
representation is made as to the safety or effectiveness of these
product candidates or the use for which such product candidates are
being studied.Temferon™ is an investigational product candidate for
which the effectiveness and safety have not been established. In
addition, Temferon™ is not approved for use in any
jurisdiction.
Genenta MediaTiziana Pollio, Mobile: +39 348 23 15
143e-mail: tiziana.pollio@genenta.com
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