StockMarketNewsAlert.com Issues Updated Trade Alert for Cell Therapeutics, Inc.


POMPANO BEACH, Fla., Aug. 23, 2006 (PRIMEZONE) -- StockMarketNewsAlert.com issues trade alert for Cell Therapeutics, Inc. (Nasdaq:CTIC). According to M. D'Alonzo at First Equity Group Inc., recent news flow from the company has been very positive: "The company announced that data from a phase I study of weekly XYOTAX given in combination with radiation for patients with esophageal or gastric cancer was published in the August edition of the American Journal of Clinical Oncology. Twenty-one patients were treated to evaluate the safety of the regimen and to determine the maximum tolerated dose of XYOTAX in combination with 50.4 Gy concurrent radiation. Of the 12 patients with loco-regional disease in whom tumor responses were evaluated, four patients (33 percent) achieved a complete response and seven patients (58 percent) achieved a partial response (50 percent or greater shrinkage of their tumor), for an overall objective response rate of 91 percent."

"XYOTAX is an important new radiation sensitizer in esophageal cancer. Preclinically, XYOTAX is a much more potent radiation sensitizer than paclitaxel," stated Howard Safran, M.D., of Brown University and principal investigator on the study. "XYOTAX may replace paclitaxel as the most important radiation sensitizer in solid tumors."

About Cell Therapeutics, Inc.

Headquartered in Seattle, CTI is a biopharmaceutical company committed to developing an integrated portfolio of oncology products aimed at making cancer more treatable.

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