Cell Therapeutics, Inc. (NASDAQ: CTIC) have announced the results from their Annual Meeting of Shareholders that was held on October 20, 2009. Shareholders elected Richard L. Love, Dr. Mary O. Mundinger, and Dr. Jack W. Singer to serve on the company's Board of Directors. The elected will serve until the 2012 Annual Meeting. Shareholders approved the proposals to increase the number of shares available for issuance under their 2007 Equity Incentive Plan.
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About Cell Therapeutics, Inc.
Cell Therapeutics, Inc. (Cell Therapeutics) develops, acquires and commercializes treatments for cancer. The Company’s research, development, acquisition and in-licensing activities concentrate on identifying and developing new, less toxic and effective ways to treat cancer. Cell Therapeutics is developing pixantrone (BBR 2778), a deoxyribonucleic acid (DNA) major groove binder with an aza-anthracenedione molecular structure, differentiating it from anthracycline chemotherapy agents. A new chemical compound for the treatment of non-Hodgkin’s lymphoma (NHL), and various other hematologic malignancies, solid tumors, and immunological disorders, pixantrone is being developed to improve activity and safety in treating cancers treated with the anthracycline family of anti-cancer agents. It is developing OPAXIO (paclitaxel poliglumex), which was previously referred to as XYOTAX, for the treatment of non-small cell lung cancer (NSCLC), and ovarian cancer.
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