Cell Therapeutics Applies for FDA Approval of Zevalin as First-Line Therapy

10/2/08

Cell Therapeutics (NASDAQ: CTIC) said today it has applied to the FDA for expanded usage of Zevalin. The drug is currently approved for relapsed forms of non-Hodgkin’s lymphoma, and the new application, if approved, would allow sale for patients getting first-line treatment. Results from a 414-patient clinical trial of Zevalin in first-line patients showed it could cause complete tumor shrinkage for 76 percent of patients with a single shot. Even so, the drug has never been a commercial success since its debut in 2002. It generated just $2.9 million in sales in the second quarter.

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