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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Thu, December 2, 6:28 PM

Slide #447. Cell Therapeutics, Inc. Preferred Stock Offering

Company: Cell Therapeutics, Inc. (NASDAQ:CTIC)
Date announced: 9/12/2013
Shares Offered: 15,000
Preferred Stock Offering Details: Cell Therapeutics, Inc. ("CTI") (Nasdaq and MTA: CTIC) today announced that it has agreed to sell 15,000 shares of its Series 18 Preferred Stock directly to Quogue Capital LLC and an affiliate of Perceptive Advisors LLC in a registered direct offering conducted without an underwriter or placement agent for gross proceeds of approximately $15 million (the "Offering"). The net proceeds from the Offering, after deducting estimated offering expenses, will be approximately $14.8 million.

CTI BioPharma is a biopharmaceutical company focused on the acquisition, development and commercialization of targeted therapies for blood-related cancers. Co. is focused on evaluating pacritinib, its key product candidate in development for the treatment of adult patients with myelofibrosis. Pacritinib is an investigational oral kinase inhibitor with specificity for JAK2, FLT3, IRAK1 and CSF1R. In addition to myelofibrosis, the kinase profile of pacritinib suggests its potential therapeutic utility in conditions such as acute myeloid leukemia, myelodysplastic syndrome, chronic myelomonocytic leukemia and chronic lymphocytic leukemia due to its inhibition of c-fms, IRAK1, JAK2 and FLT3.
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Name: 
CTI BioPharma Corp
Website: 
www.celltherapeutics.com
Sector: 
Drugs & Pharmaceuticals
Number of ETFs Holding CTIC: 
6 (see which ones)
Total Market Value Held by ETFs: 
$12,240,567.5
Total Market Capitalization: 
$218,000,000
% of Market Cap. Held by ETFs: 
5.61%
 

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