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Cell Therapeutics Announces Data Safety And Monitoring Board Recommendation To Continue The GOG-0212 Phase 3 Clinical Trial Of OPAXIOTM As Maintenance Therapy In Ovarian Cancer

About the Gynecologic Oncology Group



The Gynecologic Oncology Group (GOG) is a not-for-profit organization of more than 300 member institutions with the purpose of promoting excellence in the quality and integrity of clinical and basic scientific research in the field of gynecologic malignancies. The GOG is committed to maintaining the highest standards in clinical trials development, execution, analysis and distribution of results. Continuous evaluation of the Group's processes is utilized in order to constantly improve the quality of patient care. To promote this mission, the GOG receives support from the National Cancer Institute of the National Institutes for Health. The GOG is the only group that focuses its research on women with pelvic malignancies, such as cancer of the ovary, uterus, and cervix. The GOG is multi-disciplinary in its approach to clinical trials, and includes gynecologic oncologists, medical oncologists, pathologists, radiation oncologists, nurses, statisticians, basic scientists, quality of life experts, data managers, and administrative personnel.

About CTI

Cell Therapeutics, Inc. (NASDAQ and MTA: CTIC) is a biopharmaceutical company committed to the development and commercialization of an integrated portfolio of oncology products aimed at making cancer more treatable. CTI is headquartered in Seattle, WA. For additional information and to sign up for email alerts and get RSS feeds, please visit www.CellTherapeutics.com.

OPAXIO is a trademark of Cell Therapeutics, Inc. All other trademarks are the property of their respective owners.

References:

  1. WHO, IARC GLOBOCAN, Cancer Incidence and Mortality Worldwide in 2008
  2. American Cancer Society Fact Sheet, http://tinyurl.com/b35gtwb, Accessed January 27, 2013

This press release includes forward-looking statements that involve a number of risks and uncertainties the outcome of which could materially and/or adversely affect actual future results and the market price of CTI's securities. Specifically, the risks and uncertainties that could affect the development of OPAXIO include risks associated with preclinical and clinical developments in the biopharmaceutical industry in general, and with OPAXIO in particular, including, without limitation, the potential failure of OPAXIO to prove safe and effective for the treatment of patients with , either ovarian cancer or in combination regimens, as determined by the U.S. Food and Drug Administration and/or the European Medicines Agency ; that OPAXIO may not satisfy a medical need not currently addressed with existing ovarian cancer treatments; that the GOG-0212 clinical trial of OPAXIO may not occur as planned; that 1,100 patients may not enroll in the GOG-0212 clinical trial;  that CTI may not be able to successfully implement its plans, strategies and objectives related to the development of OPAXIO; CTI's ability to continue to raise capital as needed to fund its operations, competitive factors, technological developments, costs of developing, producing and selling CTI's product candidates; and the risk factors listed or described from time to time in CTI's filings with the Securities and Exchange Commission including, without limitation, CTI's most recent filings on Forms 10-K, 10-Q and 8-K. Except as may be required by law, CTI does not intend to update or alter its forward-looking statements whether as a result of new information, future events, or otherwise.

Contacts:

Monique Greer +1 206.272.4343 mgreer@ctiseattle.com

Ed Bell+1 206.282.7100 invest@ctiseattle.com

SOURCE Cell Therapeutics, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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