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Cell Therapeutics, Inc. (CTI) Reports Third Quarter Financial Results and Milestones
Date:10/24/2011

SEATTLE, Oct. 25, 2011 /PRNewswire/ -- Cell Therapeutics, Inc. ("CTI" or the "Company") (NASDAQ and MTA: CTIC) today reported its financial results for the third quarter ended September 30, 2011.

"This has been a very exciting quarter for the Company as we move pixantrone one step closer to potential approval in both the U.S. and E.U.," noted James A. Bianco, M.D., CEO of Cell Therapeutics, Inc. "We believe the data contained in the resubmitted NDA confirms the confidence in the efficacy endpoints and also addresses the other requests made by the Food and Drug Administration (the "FDA"). With the day 180 responses regarding our MAA expected this quarter along with the expected reporting of final data on the tosedostat phase II study at the American Society of Hematology's annual meeting, the fourth quarter is shaping up to reflect the solid progress we have made in 2011."

Recent Highlights

  • Resubmitted the pixantrone NDA to the FDA for review to treat relapsed or refractory aggressive non-Hodgkin's lymphoma ("NHL") for patients who have failed two or more prior lines of therapy.
  • Announced second independent radiology assessment confirmed the statistical robustness of the PIX301 efficacy data.
  • FDA confirmed that the NDA would receive a six month review after resubmission resulting in potential accelerated approval as early as April 2012.
  • Appointed Reed V. Tuckson, M.D., F.A.C.P., to CTI's Board of Directors. Dr. Tuckson is the Executive Vice President and Chief of Medical Affairs at UnitedHealth Group, the Minnesota-based Fortune 25 diversified health care company that employs more than 87,000 people worldwide and serves more than 75 million Americans. Dr. Tuckson oversees the clinically-related programs of the company's six operating businesses and the work of more than 10,000 clinically-related personnel.  
  • Submitted Day 120 response to the European Medicine Agency's (the "EMA") Committee for Medic
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