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Cell Therapeutics, Inc. announced that the Company received a letter from The NASDAQ Stock Market indicating that the NASDAQ Listing Qualifications Panel has determined to continue the listing of the Company's common stock on The NASDAQ Capital Market, subject to the condition that, on or before April 2009, the Company demonstrate compliance with all applicable standards for continued listing on The NASDAQ Capital Market, including the $35 million market value of listed securities requirement or one of its alternatives.

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