|
Home | Medical-Newswire.Com:
|
(EMAILWIRE.COM, September 08, 2009 ) DALLAS, Texas - InvestorSoup.com.com announces an investment report featuring Cell Therapeutics Inc. (NASDAQ: CTIC).
The investment report on Cell Therapeutics Inc. (NASDAQ: CTIC) should be of particular interest other biotechnology and pharmaceutical companies: Novartis AG (NYSE: AVS), OSI Pharmaceuticals Inc. (NASDAQ: OSIP), Abraxis Bioscience Inc. (NASDAQ: ABII), Bristol Myers Squibb Co. (NYSE:BMY) and Telik Inc. (NASDAQ: TELK).
It is available at: http://www.investorsoup.com/lp/CTIC
Get our alerts BEFORE the rest of the market. Follow us on Twitter: www.twitter.com/investorsoup
Cell Therapeutics Inc. (NASDAQ: CTIC) engages in developing, acquiring and commercializing treatments for cancer. The CompanyÂ’s research, development, acquisition and in-licensing activities concentrate on identifying and developing new, less toxic, and more effective ways to treat cancer. All of CTICÂ’s current product candidates are under development. The CompanyÂ’s development portfolio includes a phase III treatment for non-Hodgkin's lymphoma; a treatment for non-small cell lung, ovarian and other cancers; and a phase II treatment for sarcoma.
In the report, the analyst notes:
“According to the Company’s quarterly report for the three months ended June 30, 2009, it expects that unless it executes a partnership agreement for its Pixantrone treatment with adequate terms to cover operating expenses, it will generate losses at least through 2009 due to research and development costs related to Pixantrone, OPAXIO, and brostacillin. CTIC estimates that its average cash burn rate for the remainder of 2009 is between $5.5 million and $6.5 million per month.
“On August 24, 2009, the Company announced that the U.S. Food and Drug Administration (FDA) accepted its New Drug Application (NDA) for Pixantrone. CTIC requested a priority review, which if granted, could lead to an FDA approval in the fourth quarter in 2009. The FDA will make a final decision on the review’s status on September 4, 2009.”
To read the entire report visit: http://www.investorsoup.com/lp/CTIC
See what investors say about these stocks at: http://www.stockhideout.com/
InvestorSoup.com is a small-cap research and investment commentary provider. InvestorSoup.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on InvestorSoup.com, please visit http://www.InvestorSoup.com
InvestorSoup.com Disclosure
InvestorSoup.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. InvestorSoup.com is a Web site wholly owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, InvestorSoup.com, for complete risks and disclosures.
Investor Soup
Jeffrey Brown
(469)-252-3505
info@investorsoup.com 
Source: EmailWire.com
|
|
|
|
