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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
CELL THERAPEUTICS INC.
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(Name of Issuer)
COMMON STOCK, NO PAR VALUE
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(Title of Class of Securities)
150-934-10-7
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(CUSIP Number)
DECEMBER 31, 2003
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(Date of Event Which Requires Filing This Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed " for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 6
CUSIP No. 150-934-10-7
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1. Names of Reporting Persons BB BIOTECH AG
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I.R.S. Identification Nos. of above persons (entities only): N/A
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [ ]
3. SEC Use Only
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4. Citizenship or Place of Organization SWITZERLAND
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Number of Shares Beneficially 5. Sole Voting Power 0
Owned by Each Reporting ---------------------
Person with:
6. Shared Voting Power 3,000,000
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7. Sole Dispositive Power 0
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8. Shared Dispositive Power 3,000,000
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9. Aggregate Amount Beneficially Owned
by Each Reporting Person 3,000,000
------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
11. Percent of Class Represented by amount in Row (9) 8.8%
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12. Type of Reporting Person (See Instructions) HC,CO
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Page 2 of 6
CUSIP No. 150-934-10-7
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1. Names of Reporting Persons BIOTECH TARGET N.V.
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I.R.S. Identification Nos. of above persons (entities only): N/A
---------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [ ]
3. SEC Use Only
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4. Citizenship or Place of Organization NETHERLANDS ANTILLES
----------------------------------------------------
Number of Shares Beneficially 5. Sole Voting Power 0
Owned by Each Reporting ---------------------
Person with:
6. Shared Voting Power 3,000,000
---------------------
7. Sole Dispositive Power 0
---------------------
8. Shared Dispositive Power 3,000,000
---------------------
9. Aggregate Amount Beneficially Owned
by Each Reporting Person 3,000,000
------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
11. Percent of Class Represented by amount in Row (9) 8.8%
---------------------
12. Type of Reporting Person (See Instructions) CO
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Page 3 of 6
ITEM 4. OWNERSHIP
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 3,000,000
---------------------------------------
(b) Percent of class: 8.8%
---------------------------------------
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 0
-----------------------
(ii) Shared power to vote or to direct the vote 3,000,000
-----------------------
(iii) Sole power to dispose or to direct the disposition of 0
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(iv) Shared power to dispose or to direct the disposition of 3,000,000
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Page 4 of 6
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURES
After reasonable inquiry and the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
BB BIOTECH AG
/s/ ROLAND MAIER /s/ ADRIAN BRUENGGER
----------------------------------------------------- -----------------------------------------------------
By: Roland Maier By: Adrian Bruengger
Its: Authorized Signatory Its: Authorized Signatory
Date: February 17, 2004 Date: February 17, 2004
BIOTECH TARGET N.V.
/s/ ROLAND MAIER /s/ ADRIAN BRUENGGER
----------------------------------------------------- -----------------------------------------------------
By: Roland Maier By: Adrian Bruengger
Its: Authorized Signatory Its: Authorized Signatory
Date: February 17, 2004 Date: February 17, 2004
Page 5 of 6
EXHIBIT INDEX
Exhibit 1: Agreement by and between BB Biotech and BioGrowth with respect to
the filing of this disclosure statement.*
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* Previously filed.
Page 6 of 6