Article: BIO INVESTORFORUM 2007 CTI'S ZEVALIN, ACADIA'S CNS DRUGS POISE FOR GOOD NEWS.(Conference notes)

Byline: Randall Osborne, West Coast Editor

SAN FRANCISCO - Early arrivals for Tuesday night registration at the Biotechnology Industry Organization's InvestorForum conference got a rainy taste of the Bay Area's autumn turning to winter, but by noon of the first full day of the meeting, skies had cleared.

Seattle-based Cell Therapeutics Inc., which presented to attendees Wednesday, is making plans for a similarly sunny turnaround with Zevalin (ibritumomab tiuxetan), the non-Hodgkin's lymphoma therapy CTI is buying from Biogen Idec Inc. for $10 million plus as much as $20 million in milestone payments and royalties. (See BioWorld Today, Aug. 17, ...

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