CELL THERAPEUTICS

Cell Therapeutics, Inc. Completes Registered Direct Offering

Cell Therapeutics, Inc. Completes Registered Direct Offering

SEATTLE, December 22/PRNewswire/ --

Cell Therapeutics, Inc. (Nasdaq: CTIC; Nuovo Mercato) today announced that it has completed the previously announced sale of approximately 2,586,000 shares of its common stock to several institutional investors at a negotiated price per share of US$7.10.

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 www.cticseattle.com.

Web site: http://www.cticseattle.com

Source: Cell Therapeutics, Inc.

investors, Leah Grant of Cell Therapeutics, Inc., +1-206-282-7100, or fax, +1-206-272-4434, or invest@ctiseattle.com, or www.cticseattle.com/investors.htm; or Cesare Parachini of Cell Therapeutics, Inc. (Europe), 39 026 103 5807, or fax, +39-026-103-5601, or cesare.parachini@ctimilano.com

22 dec 04 13:23