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Cell Therapeutics provides corporate update, share rise

  • Cell Therapeutics (CTIC) rises 3.4% premarket after giving a corporate update.
  • Pacritinib: Top-line data from Phase 3 in myelofibrosis in H2, a second Phase 3 trial is "expected to begin enrollment imminently."
  • Pixuvri: Company expects to complete enrollment in Phase 3 post-marketing commitment study in relapsed B-cell non-Hodgkin lymphoma in 2015 (endpoint changed to PFS from OS).
  • Tosedostat: Investigator-sponsored trials to resume in Q1.
  • The company says "up-front payment and anticipated near-term milestones related to the Baxter collaboration will potentially allow CTI to reach regulatory submissions for pacritinib without requiring additional equity financing to fund such activities." (PR)
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Comments (1)
  • traderof
    , contributor
    Comments (5) | Send Message
     
    I am a part business owner/casual trader. I am commenting on CTIC because the Street Adam Fuerstein put a very negative article saying they already had rights to those compounds. Which CTIC said "full unencumbered rights". What is your take on his comments calling it a dump stock?
    Thanks
    19 Jan 2014, 06:11 PM Reply Like
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