Navigation Links
Cell Therapeutics Announces Sale of Convertible Preferred Stock
Date:9/12/2013

SEATTLE, Sept. 13, 2013 /PRNewswire/ -- Cell Therapeutics, Inc. ("CTI") (Nasdaq and MTA: CTIC) today announced that it has agreed to sell 15,000 shares of its Series 18 Preferred Stock directly to Quogue Capital LLC and an affiliate of Perceptive Advisors LLC in a registered direct offering conducted without an underwriter or placement agent for gross proceeds of approximately $15 million (the "Offering").  The net proceeds from the Offering, after deducting estimated offering expenses, will be approximately $14.8 million.

Each share of Series 18 Preferred Stock will have a stated value of $1,000 per share and will be convertible at the option of the holder, at any time prior to the automatic conversion of such shares in certain circumstances, into a total of 15 million shares of registered common stock at a conversion price of $1.00 per share of common stock.  Shares of the Series 18 Preferred Stock will receive dividends in the same amount as any dividends declared and paid on shares of common stock, but would be entitled to a liquidation preference over the common stock in certain liquidation events.  The Series 18 Preferred Stock will have no voting rights on general corporate matters.

CTI plans to use the net proceeds from the Offering to continue Phase 3 trials of pacritinib and to support the commercialization of PIXUVRI® (pixantrone) in Europe as well as for general corporate purposes, which may include, among other things, funding research and development, preclinical and clinical trials, the preparation and filing of new drug applications and general working capital.  The Offering is expected to close on or about September 18, 2013.

The securities described above are being offered by CTI pursuant to a shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"), which the SEC declared effective on Novemb
'/>"/>

SOURCE Cell Therapeutics, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine technology :

1. BGI Tech and South Texas Accelerated Research Therapeutics Initiate Collaboration to Advance Unique San Antonio 1000 Cancer Genome Project
2. Breckenridge Completes Acquisition of Certain Cypress Products from Pernix Therapeutics
3. Sorrento Therapeutics Secures Rights to Biomiga Diagnostics Therapeutic Drug Monitoring Device for Development of Personalized Paclitaxel Cancer Therapy
4. Sorrento Therapeutics Completes IgDraSol Merger
5. MicroConstants China In-licenses Phase 2 Liver Cancer Drug from Canadian Pertinax Therapeutics
6. Orexigen Therapeutics to Present at the Bank of America Merrill Lynch Global Healthcare Conference
7. Sorrento Therapeutics to Present at Two Healthcare Conferences
8. Mast Therapeutics Hosting 2nd Annual Sickle Cell Disease Therapeutics Conference On September 19, 2013
9. Signature Therapeutics, Inc., Presents Four Scientific Posters Today at PAINWeek 2013 Meeting
10. ResearchMoz.us: Obesity Therapeutics to 2019 - Safety Concerns Hinder Drug Performance Despite Large Market Opportunity
11. NaZura BioHealth Spun-out from Elcelyx Therapeutics to Advance Lovidia for Weight Management
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/2/2015)... , June 2, 2015   PDI , ... today announced a series of corporate commitments designed ... to reduce the threat of antimicrobial-resistant microorganisms as ... Centers for Disease Control and Prevention (CDC) and ... to Combat Antibiotic-Resistant Bacteria. Along with ...
(Date:6/2/2015)... 02, 2015 Research and Markets ( ... PharmaBiotech,s new report "Drug Delivery in Central ... to their offering. The delivery ... a challenge in the treatment of neurological disorders. ... or administered systematically (e.g., by intravenous injection) for ...
(Date:6/2/2015)... , June 2, 2015 The Canadian Society ... of specific tests, treatments or procedures that are ... Surgery as part of Choosing Wisely Canada.  The ... can support conversations between patients and physicians about ... Canadian Society for Vascular Surgery,s list identified the ...
Breaking Medicine Technology:PDI Partners with White House and Centers for Disease Control and Prevention (CDC) to Combat Antimicrobial Resistance 2Global Drug Delivery in Central Nervous System Diseases Report 2015-2024 - Technologies, Markets and Companies 2Global Drug Delivery in Central Nervous System Diseases Report 2015-2024 - Technologies, Markets and Companies 3As part of the Choosing Wisely Canada campaign the Canadian Society for Vascular Surgery releases list of commonly used tests and treatments to question 2As part of the Choosing Wisely Canada campaign the Canadian Society for Vascular Surgery releases list of commonly used tests and treatments to question 3As part of the Choosing Wisely Canada campaign the Canadian Society for Vascular Surgery releases list of commonly used tests and treatments to question 4
... from PI-88 in Liver Cancer and ... Highlight the Year -, SYDNEY, Australia, Aug. 23 ... for the fiscal year ended 30 June 2007. Fiscal ... Phase 2, 172 patient, post-resection liver cancer trial for ...
... Incorporated (Nasdaq:,VICL) announced today that results from a ... a plasmid DNA (pDNA) vaccine developed by the ... previously,reported Phase 1 conclusions that a "DNA prime-adenoviral ... was effective in inducing,T-cell immune responses in up ...
Cached Medicine Technology:Progen Pharmaceuticals Announces Fiscal 2007 Financial Results 2Progen Pharmaceuticals Announces Fiscal 2007 Financial Results 3Multiple NIH Phase 2 HIV Vaccine Trials Using Vical's Technology Produce Encouraging Results 2Multiple NIH Phase 2 HIV Vaccine Trials Using Vical's Technology Produce Encouraging Results 3
(Date:6/2/2015)... June 02, 2015 The Down Syndrome ... Potter from the hit show Glee as the keynote ... Walk in Pleasant Prairie, WI. The event aims to ... in Racine, Kenosha, and Walworth counties. ... join us for this important event," says Dawn Nuoffer, ...
(Date:6/2/2015)... (PRWEB) June 02, 2015 The ... replacement lawsuit ( http://www.consumerinjurylawyers.com/wright-profemur-hip-replacement ) is now underway ... to court documents, opening statements were presented on ... laser etchings on the Profemur hip replacement made ... it to snap just three years after it ...
(Date:6/2/2015)... (PRWEB) June 02, 2015 Tronics, a ... deploying its growth strategy to benefit from the significant ... Yole Développement’s May 2015 Status of the MEMS Industry ... sharply and reach $6.6B in 2020,” says Frederic Breussin, ... Développement . , The analyst adds that “although the ...
(Date:6/2/2015)... June 02, 2015 ANT Wireless, proven ... market entry of two new products implementing the ANT+ ... announce new wireless interoperability in their bike trainer products, ... cyclists. Tacx has implemented the FE-C device profile in ... well as its new indoor training software, while Kinomap ...
(Date:6/2/2015)... Acara Partners has seen a spike in ... mobile devices, as is now required by recent Google search ... well as several new clients in the medical aesthetics vertical, ... them to meet Google’s new requirements,” commented Fran Acunzo, CEO ... clients in education, non-profits, and the business world.” , ...
Breaking Medicine News(10 mins):Health News:Glee star Lauren Potter helps Down Syndrome Association of WI raise awareness, support 2Health News:First of More Than 1,200 Wright Hip Lawsuits Goes to Trial in California Superior Court 2Health News:First of More Than 1,200 Wright Hip Lawsuits Goes to Trial in California Superior Court 3Health News:Tronics Aims to Benefit from Major Growth of Sensors and Related Technologies for Healthcare Applications 2Health News:First ANT FE-C Enabled Fitness Products Enter Market 2Health News:First ANT FE-C Enabled Fitness Products Enter Market 3Health News:Acara Partners Expands Website and Digital Offerings 2
... University is investigating the molecular composition of cataracts in ... reverse the eye disease. Cataracts, a clouding of ... in the world, according to the National Institutes of ... eye lens is the only recommended method for restoring ...
... July 14 The Empire State Healthcare Coalition expresses its ... national, government-run health plan to compete with private insurers. ... eliminate free market efficiency and reduce healthcare quality. , ... (the "Coalition") is not-for-profit organization formed by New York State ...
... ... the Pederson Immigration Law Group, P.C. is slated to be keynote speaker at this ... ... - The Pederson Immigration Law Group, P.C., (PILG) announced that Jan Pederson, the nation,s ...
... published in the July issue of the Journal of ... with gastrointestinal stromal tumors (GIST), a rare cancer that begins ... rates equivalent to those of Caucasians. Prior to 2000, African ... to undergo surgical treatment for this type of cancer. ...
... , KUALA LUMPUR, Malaysia, July 14 Ramuan ... from ancient Malaysian culture, will be revealed to a global audience ... new book, Health and Beauty from the Rainforest: Malaysian Traditions ... by these traditions. A lifestyle approach to wellness, ramuan ...
... , , MINNEAPOLIS, July 14 ... advised Biotel that it is terminating the Merger Agreement with ... terms of the agreement. Biotel believes it has complied with ... merit and inconsistent with CardioNet,s representations to Biotel. Biotel is ...
Cached Medicine News:Health News:K-State scientist receives grant from National Institutes of Health to research cataracts 2Health News:The Empire State Healthcare Coalition Voices Concern Over the Affordable Health Choices Act 2Health News:Pederson Immigration Law Group Attorneys Featured in 14th Annual J-1/H-1B Foreign Physician Immigration Conference and Job Fair Series 2Health News:Pederson Immigration Law Group Attorneys Featured in 14th Annual J-1/H-1B Foreign Physician Immigration Conference and Job Fair Series 3Health News:Study finds survival rates from gastrointestinal tumors improving among African-Americans 2Health News:U.S. Debut: Holistic Health And Beauty From The Rainforest - New Book Reveals Closely Guarded Malaysian Health and Beauty Secrets Introducing the World to Time-Honored Tradition of Ramuan 2Health News:U.S. Debut: Holistic Health And Beauty From The Rainforest - New Book Reveals Closely Guarded Malaysian Health and Beauty Secrets Introducing the World to Time-Honored Tradition of Ramuan 3
The Oculus easyfield is an exciting new compact perimeter to do automatic static perimetry up to 30 degrees eccentricity. It has been designed for the combined use as a visual field screener and peri...
... accurate detections of any ... as glaucoma in the ... performed. Smooth operation of ... High accuracy of static ...
... in visual field testing that's so efficient it ... the first visual field instrument that's simple enough, ... even in pre-test. Affordably priced FDT has years ... validate performance. The instrument produce screening results in ...
... The Humphrey Matrix represents the ... Using frequency doubling technology, the Humphrey ... thorough visual field evaluation and assess ... enables you to provide complete long-term ...
Medicine Products: