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Do you think this could be positive in any way? Closing date on April 24...
I got burned today on this one. I think it sold off because it didn't provide any hard numbers for its effectiveness. They applied for an SPA w the FDA in late January. It's my understanding that the FDA takes about 3 months for its decision, so we should hear about that within 1-2 weeks. Im holding through the sell off but watching carefully.
Huh?
Frustrating
Earnings don't mean anything with this company. People are buying on buyout rumors only. If we can close today above 1.43, I think dptr blows up next week.
Anyone still following this?
I think it could pop soon
Considering buying some ECNG. Anybody have a timeline of future events (possible news)?
Someone picked up 95,000 shares AH. We need some news.
In at 1.32. Graph looks sexy, looking for a pop < 2 weeks.
I won't have a chance to listen until tomorrow. Was anything said about their finances, or was it just about Pix? It was an "investor" meeting at 12, so Im just wondering if there was any news about that.
Read the SEC filing. They have had 2 class action lawsuits (early 2000s) that were thrown out. They also have the option of issuing 800,000 shares of common stock. I forgot the figure for preferred. About 560M shares outstanding, that represents about 15% of possible dilution up to their discretion. And that's just the common.
Sorry to be a party pooper, but that investor conference tomorrow has me worried. I've been burnt before. One thing's for sure, this is going to move big one way or the other on monday. I feel the premium will be worth the risk, but I'm not naive.
Wow, I read the entire filing it is definitely a cause for concern. Pretty much reads like a legal document to protect their asses. Mentions dilution, reverse splits, class action lawsuits, and protects them from hostile takeovers.
Just sold 25% of my position.
Still bullish.
Exactly what's running through my head also. God forbid they announce a R/S.
BTW, check out the chart for CTIC. 10 day just crossed the 50 and it closed above!!
Is anyone else worried about the 8.8% SAEs compared to 4.5% for the comparator arm? Granted, everything looks significantly better with Pix, but will that 8.8% be an issue with the FDA? I don't know where to get information for this type of thing.
Shared DD. Please return the favor sometime.
http://ash.confex.com/ash/2009/webprogram/Paper25134.html
Also, anyone else notice that the 10 day MA, as of yesterday, is about to cross the 50 day MA? Today will be very interesting to see whether the bulls push pps above the 50 or the bears short the hell out of it and not let that happen.
What's the sell imbalance mean?
Volume was pretty light all day. I just checked it and todays volume was 21M. Something big happened.
Im trying to figure that out also.
All of a sudden, about 3:45, it dropped 7 cents
Anyone actually listen to the CC?
120 day review for Pix is looming. If solid data is provided (which I think will), then the speculators are going to hop on board. I think last week was a trend a reversal. GL.
Mutt must not follow this company too closely. There's lots of stuff going on with CTIC this month.
Ugghh. Another night with no news. It's been awfully quiet in CTICland lately. Maybe it's a good thing they're cutting back the PRs. Hopefully the PPS goes up on speculation alone. What do you guys think? Are y'all sellers if it hits 1.21? NVS option due by Nov 2.
What do you mean shorted + 38M shares?
Total 38m + on wednesday?
Total so far?
What's up?
How can I found out who the purchaser was of CTIC's facility?
Is this indicative of a possible buyout? I really think that the Bianco boys would love to stop worrying about their finances and focus solely on the improvement of their pipelines. We all know they are closely connected with NVS: to me, this just makes it more complicated because of existing contracts with them. CTIC does feel a little bloated with a &600M market cap, how damning is this to dealmaking? I'm still relatively new to investing but have ridden CTIC a handful of times the past 6 months. Just bought in again last friday at 1.18. Is anyone out there?
im keeping an eye on it but havent done my DD yet
bbotcs:
I was very close to selling half my position today until there was another leg up that brought it up to >50% for the day. Also, it closed at the high of day. I think I'm going to let it ride until Sept/Oct. If I grow worrisome in the future, Ill prob just hedge w/ some Oct puts. I truly think I got in on the next DNDN, HGSI....
I'm curious to see whether or not this sells off after they get the production license. I hope that the PR lists all the juicy details so I can calculate a ballpark forward PE. Or is that irrelevant? Growth investors sometimes throw PE out the door, especially if there's mad speculation (media going bat$hit w/ H1N1 stories). Many different factors to consider w/ SVA.
To sell or hold? I think I'll wait untill the production license. Thoughts?
Why is there no activity on this board? SVA is blowing up, is no one in this?
Anyone else in this?
When does SPNG report 2Q earnings?
They are releasing 2009s 1st quarter earnings tonight at 6:00 EST. I just hope they don't announce bankruptcy with it. A bit nervous right now.
http://finance.aol.com/earnings/oscient-pharmaceuticals-corporation/osci/nas/earnings-release
Bought 3500 shares @ .2268 today as a spec play. Any gain in PPS tomorrow should cross 50 day MA. I'm aware of the horrible news from weeks past, do you think I made a decent play or am I a moron for putting money in a company that's closing it's offices?
How come there has not been a PR about the Russell?
Bianco is a master of PRs, and many other companies have officially stated they were added to the index. This is becoming worrisome to me.
Quick question about the Russell. IF they are added, you don't think people will sell the news on monday, do you? If they are not added, does CTIC tank of monday?
Cell Therapeutics Completes Pixantrone NDA Submission and Requests Priority Review
Completed NDA submission could lead to marketing approval in Q4-2009
Related Quotes
Symbol Price Change
CTIC 1.41 -0.08
Chart for Cell Therapeutics, Inc.
{"s" : "ctic","k" : "c10,l10,p20,t10","o" : "","j" : ""}
SEATTLE, June 24 /PRNewswire-FirstCall/ -- Cell Therapeutics, Inc. ("CTI") (Nasdaq and MTA: CTIC) announced today that it has completed the submission of the New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for pixantrone to treat relapsed or refractory, aggressive non-Hodgkin's lymphoma (NHL). CTI requested priority review, which if granted could lead to an approval decision from the FDA in the fourth quarter of 2009. Pixantrone is currently available in Europe on a named-patient basis.
"This is a major milestone for CTI and is the cornerstone of a turnaround strategy for us in meeting our goals of becoming a profitable operating business," said James A. Bianco, M.D., Chief Executive Officer of CTI. "With more than 76,000 pages and 500,000 hyperlinks this submission represents the hard work of many CTI employees dedicated to making a difference in the lives of patients with cancer. This also represents a significant advance in the treatment of patients with relapsed/refractory aggressive NHL, a patient population which the FDA has acknowledged represents an unmet medical need."
I dont know where you got the info that Opaxio gives 100% remission. That has not been released, and if true, CTIC would be a household name with all the publicity that'd surround the company. I hate it when people lie to pump stock.
On another note, it seems like this company absolutely needs new PRs in order to have a green day, and I'm getting kind of tired of it.
Worried about AH.
1.5M shares exchanged AH as of 6:30. Couple or large orders (650k, couple of 100k). At first I was elated to discover this, but now I'm worried about insiders dumping their shares. I'm still new to trading, can anyone offer any insight?
I'm kicking myself for not adding on @ 1.30 yesterday.
NDA by end of June, hopefully Russell addition by end of June. I fully expect a big spike before end of june