SEATTLE, Sept. 24 /PRNewswire-FirstCall/ -- Cell Therapeutics, Inc. (CTI) (Nasdaq and MTAX: CTIC) today announced that Richard L. Love has joined its board of directors. Love was the Chairman of the Board for Systems Medicine, which was recently acquired by CTI. Systems Medicine, which works with the Translation Genomics Institute ("TGen") in Arizona, uses the latest drug development technology to discover weak spots in a disease's genetic make-up and identify which drugs will be most effective at treating the disease.
James A. Bianco, M.D., President and CEO of CTI said, "Dick brings a wealth of entrepreneurial and drug development experience in the biopharmaceutical industry to CTI's board. We look forward to his input as we move toward the commercialization of pixantrone, XYOTAX(TM), and Brostallicin."
Love has worked in the industry for more than 40 years, including 27 years of bioscience leadership experience. He founded two biopharmaceutical companies, Triton Biosciences Inc. and ILEX Oncology, Inc. Love was CEO at both companies, and leading the clinical development teams in the creation of four drugs currently in use -- Betaseron(R), a treatment for multiple sclerosis, two treatments for chronic lymphocytic leukemia, Fludara(R) and CAMPATH(R), and Clolar(R), a treatment for acute leukemias.
"We are very excited to have Dick join CTI's board, and look forward to utilizing his industry expertise," said Phillip M. Nudelman, Ph.D., Chairman of the Board of CTI. "His leadership experience makes him a great addition to the board."
In addition to CTI, Love is currently Chairman of the Board of ImaRx
Therapeutics, and he serves on the boards of PAREXEL International, and
Molecular Profiling Institute. He previously served on the board of Xilas
Medical, Inc. Love has been active with various non-profit organizations as
well, serving on the boards of the Cancer Therapy and Research Center
(CTRC) in San Antonio, TX, and the Translation Ge
|SOURCE Cell Therapeutics, Inc.|
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