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CTI BioPharma Corp. Investigation
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CTI BioPharma Corp. Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CTI BioPharma Corp. (“CTI” or the “Company”) (NASDAQ: CTIC) in connection with its acquisition by Swedish Orphan Biovitrum AB via tender offer.  Under the merger agreement, the Company’s shareholders will receive $9.10 cash for each share.  The transaction value is approximately $1.7 billion.

Weiss Law is investigating whether (i) CTI’s board acted in the best interests of Company shareholders in agreeing to the merger, (ii) the $9.10 merger consideration adequately compensates CTI’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

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