Cell Therapeutics Gets FDA Panel for Lymphoma Drug: BioBuzz - TheStreet

SEATTLE (

TheStreet

) --

Cell Therapeutics

(CTIC) - Get Report

will be bringing its lymphoma drug pixantrone in front of a Food and Drug Administration advisory committee meeting in February, according to a

newly published notice

in the Federal Register.

The FDA's Oncologic Drug Advisory Committee will convene Feb. 10 to review Cell Therapeutics' pixantrone for the treatment of aggressive non-Hodgkin's lymphoma.

The advisory panel meeting set for February means pixantrone will not be approved this month, as Cell Therapeutics' CEO Jim Bianco had

suggested to investors

in recent meetings.

FDA advisory committees generally review an experimental drug's efficacy and safety data and then make a recommendation to the FDA about whether or not the drug should be approved. The final approval decision rests with FDA. In this case, the agency's approval decision deadline for pixantrone is April 23, 2010.

Also being reviewed at the February advisory panel meeting is

Chemgenex Pharmaceuticals'

omacetaxine for the treatment of adults with chronic myeloid leukemia.

-- Reported by Adam Feuerstein in Boston

Adam Feuerstein writes regularly for TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. Feuerstein appreciates your feedback;

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