DALLAS, Oct. 19, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Cell Therapeutics Inc. (Nasdaq:CTIC). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Cell Therapeutics Inc. (CTIC) engages in the development, acquisition and commercialization of novel treatments for cancer. It focuses on building a biopharmaceutical company with a diversified portfolio of oncology drugs. Its research, development, acquisition and in-licensing activities concentrate on identifying and developing less toxic ways to treat cancer. The Company is focused on developing pixantrone, OPAXIO, brostallicin and bisplantinates. Pixantrone is an anthracycline derivative, for the treatment of non-Hodgkin's lymphoma (NHL), and various other hematologic malignancies, solid tumors and immunological disorders. The Company is developing OPAXIO (paclitaxel poliglumex), a maintenance therapy for women with advanced stage ovarian cancer. Brostallicin is a synthetic Deoxyribonucleic Acid (DNA) minor groove binding agent that has demonstrated anti-tumor activity. In March 2009, the Company sold its 50% interest in RIT Oncology.
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In the report, the analyst notes:
"Citing uncertainty surrounding the approval of pixantrone in the United States, Zacks downgraded CTIC to Underperform from Neutral earlier this month. Pixantrone suffered a setback in April when the FDA declined its approval ... "
"In August, the Company filed for Special Protocol Assessment (SPA) for pixantrone in relapsed or refractory aggressive B-Cell non-Hodgkin's lymphoma (NHL). CTIC plans to initiate the study later in 2010 following the health regulators' feedback on the trial design and the endpoints."
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