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

nses regarding the MAA during the fourth quarter of 2011, the final data on the tosedostat phase II study may not be reported during the fourth quarter of 2011, that CTI may not receive an recommendation from CHMP by the first quarter of 2012, that the EMA may not approve CTI's MAA for pixantrone and/or the EMA may not make a recommendation for approval of CTI's MAA for pixantrone during the first quarter of 2012, the potential failure of tosedostat to prove safe and effective for the treatment of relapsed MDS, acute myeloid leukemia ("AML"), multiple myeloma, blood related cancers and solid tumors as determined by the FDA and/or the EMA, that the FDA may not accept the proposed clinical trial of tosedostat and/or may request additional trials, that CTI cannot predict or guarantee the pace or geography of enrollment of its clinical trials, that CTI may not be able to sustain its current cost controls, and that CTI may not be able to continue to raise capital as needed to fund its operations, competitive factors, technological developments, costs of developing, producing and selling pixantrone. Further risks and uncertainties include that CTI continues to have a substantial amount of debt outstanding and the quarterly interest expense associated with the debt is significant, CTI's operating expenses continue to exceed its net revenues, that CTI may not be able to further reduce its operating expenses, that CTI will continue to need to raise capital to fund its operating expenses and may not be able to raise sufficient amounts to fund its continued operation as well as other risks listed or described from time to time in CTI's most recent filings with the Securities and Exchange Commission on Forms 10-K, 10-Q and 8-K. Except as required by law, CTI does not intend to update any of the statements in this press release upon further developments.

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