Navigation Links
Cell Therapeutics, Inc. Takes Corrective Actions in Response to Nasdaq Determination
Date:8/28/2007

SEATTLE, Aug. 28 /PRNewswire-FirstCall/ -- Cell Therapeutics, Inc. (CTI) (Nasdaq and MTAX: CTIC) today announced that it had received a Deficiency Letter (the "Letter") from Nasdaq indicating that the Company's recently completed registered offering of Series C 3% Convertible Preferred Stock (the "Series C Preferred") and warrants did not comply with voting rights requirements set forth in Nasdaq Marketplace Rule 4351 and IM 4351. The Nasdaq staff verbally notified the Company of such noncompliance on August 9, 2007 and, in response to this verbal notification, the Company took action to cure the deficiency by amending the Articles of Amendment of the Company's Articles of Incorporation, which set forth the rights and preferences of the holders of the Series C Preferred (the "Articles of Amendment"). The amendment to the Articles of Amendment (the "Amendment") adjusted the conversion ratio of the Series C Preferred for purposes of the voting rights provision of the Articles of Amendment, and had the effect of reducing the number of votes that the holders of the Series C Preferred have because it increased the conversion price from $3.90 to $4.53 for purposes of the voting rights provision. The Amendment did not change the conversion price in any other provision of the Articles of Amendment, including but not limited to the provision on conversion of such Series C Preferred into shares of common stock.

The letter confirms that, subject to the public announcement requirements of Nasdaq Marketplace Rule 4803(a), the Company has regained compliance with Nasdaq Marketplace Rule 4351 and IM 4351 and the matter is now closed.

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. For additional information, please visit http://www.cticseattle.com.

'/>"/>
SOURCE Cell Therapeutics, Inc.
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2

Related biology technology :

1. Canadian firm buys Proventiv Therapeutics, makes ex-Bone Care exec CEO
2. Milwaukee takes another step in electronic patient data exchange
3. Ethics Board site offers welcome contrast to state IT mistakes
4. It takes more than money to reach the top
5. CATI takes tech transfer model national
6. Green economic plan takes cue from Indiana
7. Local software company takes Google to court over a patent
8. American Family CIO takes entrepreneurial approach to innovation
9. TDS takes top spot in region in customer satisfaction rankings
10. Innovative health care takes more than just IT automation
11. Centralization mania takes over
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/2/2014)... NEW PROVIDENCE, N.J. , Sept. 2, 2014 ... corporate sponsor for MassBio,s 20th Annual Golf Classic, a ... Foundation. The event will be held on September 5 ... Plymouth, Massachusetts . The MassBioEd ... Massachusetts through educational programs, workforce development, and ...
(Date:9/2/2014)... Press attending the Project LIBERTY Grand Opening ... the people and events in Emmetsburg on Sept. 3. ... the day. Additionally, we will do our best to ... as well as representatives from the local community. Any ... Please remember to RSVP to Matt Merritt (matt.merritt@poetdsm.com) to ...
(Date:9/2/2014)... Opertech Bio, Inc., a company ... effective approach to sensory evaluation, today announced the ... U.S. Patent and Trademark Office, encompassing high-throughput sensory ... “Opertech’s taste evaluation technology called Microtiter Operant Gustometer ... system for rapid characterization of taste sensory properties,” ...
(Date:9/2/2014)... 2014 /PRNewswire/ - BIOREM Inc. (TSXV: BRM) ("Biorem" or "the Company") ... consist of three large odour control systems for waste water ... "These orders are consistent with the market resurgence in ... President and CEO. "After a difficult period of restraint in ... to see sales growth. Our lower cost structure, technology improvements ...
Breaking Biology Technology:Linde helps fund STEM education in Massachusetts 2Linde helps fund STEM education in Massachusetts 3Press agenda for Project LIBERTY Grand Opening 2Press agenda for Project LIBERTY Grand Opening 3Press agenda for Project LIBERTY Grand Opening 4Press agenda for Project LIBERTY Grand Opening 5Opertech Bio Receives U.S. Patent for High-Throughput Taste Evaluation Technology 2
... Health, a three-hospital health system providing care ... information management system provided by Surgical Information ... seamlessly into the hospitals, existing Siemens Soarian® ... safety and drive business results. ...
... September 29, 2010 ... ... var ... longUrl, so we need to grab the first one. for (var r in data.results) { first_result = data.results[r]; ...
... his significant and global contributions to clean water and ... his commitment to invention and the pursuit of discovery, ... degree from Stevens Institute of Technology at the university,s ... Meng, a professor in the Charles V. Schaefer, Jr. ...
Cached Biology Technology:Susquehanna Health Selects Perioperative and Anesthesia Automation Solution from Surgical Information Systems 2Susquehanna Health Selects Perioperative and Anesthesia Automation Solution from Surgical Information Systems 3Susquehanna Health Selects Perioperative and Anesthesia Automation Solution from Surgical Information Systems 4InSightec Launches ExAblate(R) One and ExAblate(R) OR Systems at CIRSE 2010 2InSightec Launches ExAblate(R) One and ExAblate(R) OR Systems at CIRSE 2010 3InSightec Launches ExAblate(R) One and ExAblate(R) OR Systems at CIRSE 2010 4InSightec Launches ExAblate(R) One and ExAblate(R) OR Systems at CIRSE 2010 5InSightec Launches ExAblate(R) One and ExAblate(R) OR Systems at CIRSE 2010 6InSightec Launches ExAblate(R) One and ExAblate(R) OR Systems at CIRSE 2010 7InSightec Launches ExAblate(R) One and ExAblate(R) OR Systems at CIRSE 2010 8InSightec Launches ExAblate(R) One and ExAblate(R) OR Systems at CIRSE 2010 9InSightec Launches ExAblate(R) One and ExAblate(R) OR Systems at CIRSE 2010 10Xiaoguang Meng receives honorary master of engineering from Stevens 2Xiaoguang Meng receives honorary master of engineering from Stevens 3
(Date:9/2/2014)... truth; everyone has a tipping point. We all want to ... benefit is great enough. Now, scientists have confirmed the area ... , The result was published online this week in ... honest, even if lying is beneficial," said Lusha Zhu, the ... Virginia Tech Carilion Research Institute , where she works with ...
(Date:9/2/2014)... Sam Kean stops by Reactions this week to debunk ... that, despite what "Shark Week" may lead you to ... http://youtu.be/KhFygIoW_MA . , Kean,s book, "The Disappearing Spoon: ... History of the World from the Periodic Table of ... 10-episode video series produced for the newly launched American ...
(Date:9/2/2014)... for eating anything, including each other, camel crickets are ... Carolina State University finds that non-native camel cricket species ... , "The good news is that camel crickets don,t ... says Dr. Mary Jane Epps, a postdoctoral researcher at ... the research. , The research stems from a chance ...
Breaking Biology News(10 mins):Scientists find possible neurobiological basis for tradeoff between honesty, self-interest 2Scientists find possible neurobiological basis for tradeoff between honesty, self-interest 3Scientists find possible neurobiological basis for tradeoff between honesty, self-interest 4Researchers find Asian camel crickets now common in US homes 2
... Johns Hopkins researchers report that two proteins best known ... the liver into a sugar-producing factory when food is ... damaging problem in people with diabetes, the proteins' interaction ... the disease, the researchers say. , Under normal circumstances, ...
... the immune system uses to label foreign invaders as ... system can brand foreign proteins by chemically modifying their ... cells known as lymphocytes would recognize the trespassers and ... T cells need to see these types of modifications ...
... a close relative of the Formosan "super termite" that's ... become established in South Florida, according to University of ... pest in tropical areas such as Brazil and the ... threat to Florida until now," said Nan-Yao Su, a ...
Cached Biology News:Future diabetes drugs may target new protein interaction 2Future diabetes drugs may target new protein interaction 3Newly Discovered 'Branding' Process Helps Immune System Cells Pick Their Fights 2Newly Discovered 'Branding' Process Helps Immune System Cells Pick Their Fights 3Cousin of Asian super termite invades Florida 2
Human LT beta R/TNFRSF3 Phycoerythrin MAb (Clone 71319)...
Human Serpin A3 MAb (Clone 213907)...
Recombinant Ovine (Sheep) Growth Hormone, Ultra Pure...
Human SorCS1 Affinity Purified Polyclonal Ab Protein Family: Neurotrophins...
Biology Products: