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Cell Thera to explore alternatives

Posted on March 18, 2009 7:40 AM

Seattle cancer drugmaker Cell Therapeutics Inc. announced Monday, March 16, it had hired financial advisers to explore strategic alternatives and sold its 50% interest in cancer drug joint venture RIT Oncology LLC.

"The review process may include seeking additional partners or collaborators for the company's product development candidates, additional equity or debt financings or seeking further efficiencies in its operations," the company said in an earnings statement.

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