Clinical Trial Investigators Update Wall Street on Progress and Prospects of Cell Therapeutics, Inc.'s Dru... (armaceutical industry in general and wit...)

Clinical Trial Investigators Update Wall Street on Progress and Prospects of Cell Therapeutics, Inc.'s Drug Pipeline

Date:11/14/2007

armaceutical industry in general and with ZEVALIN, XYOTAX, pixantrone, and brostallicin in particular including, without limitation, the potential failure of the closing f the acquisition of ZEVALIN, the potential failure of XYOTAX, pixantrone, or brostallicin as product candidates to prove safe and effective for treatment of non-small cell lung cancer, ovarian cancer, non-Hodgkin's lymphoma, and sarcoma, determinations by regulatory, patent and administrative governmental authorities, competitive factors, technological developments, costs of developing, producing and selling ZEVALIN, XYOTAX, pixantrone and brostallicin, as well as the risk that we may not be able to complete the ZEVALIN acquisition or, if the ZEVALIN acquisition is accomplished, the risk of potential failure of obtaining approval from the FDA for label expansion of ZEVALIN, and the risk factors listed or described from time to time in the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's most recent filings on Forms 10-K, 8-K, and 10-Q. Except as may be required by Italian law, CTI is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward- looking statements whether as a result of new information, future events, or otherwise.

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Dan Eramian

T: 206.272.4343

C: 206.854.1200

Susan Callahan

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F: 206.272.4434

E: media@ctiseattle.com

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Investors Contact:

Leah Grant

T: 206.282.7100