Cell Therapeutics prepares for EU launch of Pixuvri
USA-based biotech company Cell Therapeutics (Nasdaq and MTA: CTIC) said yesterday that it is re-aligning its resources and re-prioritizing its product development pipeline to focus on the launch of Pixuvri (pixantrone) in the European Union and accelerate the advancement of pacritinib, the company’s recently-acquired, highly-selective JAK 2 inhibitor, into Phase III clinical trials.
As a result, CTI's operating burn rate will be reduced from an average of $6.5 million per month to an average of $4.5 million per month, the company said.
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