Synta Pharmaceuticals Corp. (NASDAQ: SNTA), a biopharmaceutical company 
      focused on discovering, developing, and commercializing small molecule 
      drugs to treat severe medical conditions, today reported that the U.S. 
      Food and Drug Administration (FDA) has approved resuming clinical 
      development of elesclomol, the Company's first-in-class oxidative stress 
      inducer.
    
“The collected clinical and preclinical data presented to the FDA and to 
      our external scientific advisory board provided compelling evidence for 
      resuming clinical development with elesclomol”
    
      "The collected clinical and preclinical data presented to the FDA and to 
      our external scientific advisory board provided compelling evidence for 
      resuming clinical development with elesclomol,” said Vojo Vukovic, M.D., 
      Ph.D., Chief Medical Officer, Synta. “The action by the FDA will allow 
      us to further evaluate the potential of elesclomol in treating patients 
      with cancer, incorporating the clinical experience and scientific 
      understanding gained through a full analysis of the most recent data. 
      Based on these results, we expect to initiate one or more clinical 
      trials for elesclomol in the second half of this year. Further details 
      will be announced over the coming months.”
    
    
      The Phase 3 SYMMETRY(SM) trial of elesclomol in metastatic 
      melanoma was suspended in February 2009 based on an interim analysis 
      that identified possible safety concerns. Preliminary results from the 
      trial were presented at ASCO in May 2009 and Perspectives in Melanoma 
      XIII in October 2009. These results showed a differential response to 
      treatment with elesclomol based on level of baseline lactate 
      dehydrogenase (LDH), an established prognostic biomarker in melanoma and 
      a pre-specified stratification variable in the trial. The primary 
      endpoint of progression-free survival was achieved in the normal LDH 
      population, 68% of enrolled patients, with an acceptable safety profile. 
      In the elevated LDH population, 32% of patients, no difference was 
      observed between the two arms of the trial for the primary endpoint, and 
      a negative impact was observed for the survival endpoint.
    
    
      Results presented at the NCI-AACR-EORTC meeting in November 2009 
      demonstrated that elesclomol binds copper in plasma, facilitating its 
      uptake into cells and enabling a transition between copper oxidation 
      states inside the cell. Additional research by Synta and by external 
      collaborators has shown that this reaction disrupts the metabolic 
      properties of cancer cell mitochondria and generates the oxidative 
      stress that triggers programmed cell death. Under normal oxygen 
      conditions elesclomol exhibits potent anti-cancer activity. Under 
      hypoxic (low oxygen) conditions, which are often associated with 
      elevated LDH levels, cancer cell metabolism shifts away from the 
      mitochondria and elesclomol anti-cancer activity is reduced. These 
      results, together with the results observed in the SYMMETRY trial, 
      suggest excluding patients with elevated LDH from future trials with 
      elesclomol.
    
    
      The application to the FDA to resume development focused on a specific 
      clinical trial protocol that excluded patients with elevated LDH. 
      Additional clinical trial protocols will require additional review by 
      the FDA.