20-Oct-2006
On October 19, 2006, Cell Therapeutics, Inc. (the "Corporation") issued a press release (the "Press Release") announcing that it had obtained antitrust regulatory clearance for the Securities Purchase Agreement, dated September 15, 2006 (the "Purchase Agreement"), by and between the Corporation and Novartis Pharma AG and the License and Co-Development Agreement, dated September 15, 2006 (the "License Agreement"), by and between the Corporation and Novartis International Pharmaceutical Ltd. The License Agreement became effective upon the receipt of such antitrust regulatory clearance. In addition, pursuant to the Purchase Agreement, the Corporation closed the sale of 8,670,520 shares of its common stock to Novartis Pharma AG for a total purchase price of $15 million.
A copy of the Press Release is attached hereto as Exhibit 99.1. Copies of the License Agreement and Purchase Agreement are attached as Exhibit 10.1 and Exhibit 10.2, respectively, to the Corporation's Current Report on Form 8-K filed on September 18, 2006.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are attached with this report on Form 8-K:
99.1 Press Release dated October 19, 2006 of Cell Therapeutics, Inc.