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Biotech / Medical : Cell Therapeutics (CTIC)
CTIC 9.0900.0%Jun 26 5:00 PM EST

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From: tuck6/1/2007 4:59:19 PM
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>>WASHINGTON, June 1 (Reuters) - Cell Therapeutics Inc. (CTIC.O: Quote, Profile , Research) filed on Friday with regulators to periodically sell up to $150 million in common and preferred stock, debt securities, and warrants.

The company said in a registration statement with the U.S. Securities and Exchange Commission that it plans to use the proceeds from the offering for clinical development of drug candidates, commercialization activities, and general corporate purposes.

Under a shelf registration, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.<<

Classic Friday afternoon sneak attack. No PR from the company yet, just the filing.

Cheers, Tuck
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