FDA lifts hold on studies testing Cell Therapeutics' cancer drug

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FDA lifts hold on studies testing Cell Therapeutics' cancer drug

(Reuters) - Cell Therapeutics Inc said the U.S. Food and Drug Administration lifted a hold imposed in June last year on studies testing the company's blood cancer drug. The company's shares rose about 3 percent to $1.97 in premarket trading on Thursday. Cell Therapeutics said it received the notification from the regulator on December 26. The FDA placed the hold after a patient treated with a combination of the drug, tosedostat, and a chemotherapy drug died of a heart muscle infection.

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