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.
Under the hold, the company could not enroll new patients in any
trials of tosedostat.
The regulator asked for more information on all heart-related events
in patients treated with the drug.
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Tosedostat is being tested in mid-stage trials in the United States
and European Union on elderly patients with two forms of blood
cancer — acute myeloid leukemia and myelodysplastic syndrome.
(Reporting by Vrinda Manocha in
Bangalore; editing by Kirti Pandey)
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