CTIX - Cellceutix Corporation (OTCBB)

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Cellceutix Signs Agreements for KevetrinTM Phase 1 Support; Company Continues to Advance Kevetrin Toward Human Studies Targeting Drug Resistant Cancers

BEVERLY, MA--(Marketwire - May 24, 2010) - Cellceutix Corporation (OTCBB: CTIX), a bio-pharmaceutical company that develops small molecules to treat cancer, autism and inflammatory disease, today announced that it has concluded agreements with PharPoint Reasearch for Phase 1 data management and statistical analysis and with Medical Research Consulting Services for Phase 1 clinical monitoring. The terms of the agreements were not disclosed. These agreements provide the basic resources necessary to conduct the Phase 1 study of the Company's cancer compound, Kevetrin.

"We were looking for elite partners that could provide world class service and with PharPoint and Medical Research Consulting Services we have come to terms with two of the best in the industry," said George Evans, CEO of Cellceutix. "These agreements are the next step in our mission to start the Phase 1 study of Kevetrin ASAP."

"We are pleased to have the opportunity to work with Cellceutix and to bring our skills to bear on the Kevetrin Phase 1 study," said Art Holmes, President of PharPoint. Mr. Holmes continued, "From a corporate standpoint, it is exciting to be involved in the start of a promising clinical program, particularly in the field of oncology where there is an urgent need for new therapies." More information about PharPoint is available at PharPoint Research.

Kevetrin is being developed to treat drug resistant cancers. The Company has reported that Kevetrin showed greater tumor growth delay than standard therapies in animal models of resistant lung cancer, resistant breast cancer and resistant colon cancer. In data recently presented at the American Association for Cancer Research (AACR), the efficacy of Kevetrin in a mouse model of drug resistant lung cancer was shown to increase with increasing dose. The data presented at the AACR also show that the administration of a second cycle of therapy with Kevetrin in the same animal model continues to delay tumor growth without the development of resistance. For more information about these results, please visit the Cellceutix web site at cellceutix - Home.

"I am looking forward to working with Cellceutix on the Phase I clinical trial of their novel development product, Kevetrin, for the treatment of solid carcinomas," said Denise T. Resnik, the Owner of Medical Research Consulting Services. "I have had a long-standing consulting relationship with George Evans's prior employer, and I am sure this relationship will be fruitful as well."

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Jun 03, 2010 08:35 ET
Cellceutix CFO Discusses Autism Drug, KevetrinTM and Company Progressions With CEOCFO Interviews and News

BEVERLY, MA--(Marketwire - June 3, 2010) - Cellceutix Corporation (OTCBB: CTIX) is pleased to announce that its Chief Financial Officer, Leo Ehrlich, has been featured in an interview with leading online financial publication, CEOCFO Interviews and News. The interview was conducted by CEOCFO Senior Editor Lynn Fosse and highlighted the uniqueness of Cellceutix and the details that make it stand out from all other biotechnology companies in the industry.

In the interview, Mr. Ehrlich discusses the progressions of KM-391, Cellceutix's compound for the treatment of autism, and Kevetrin, their drug being developed as a treatment for drug-resistant cancers. Mr. Ehrlich explained why their autism drug is revolutionary as there is no drug available today for the treatment of autism. Additionally, Mr. Ehrlich also discusses the company's growth strategy as it relates to future potential partnerships, shareholder value and the strength of the Cellceutix management team.

"We are not dealing with just another cancer drug; we have indications that it is effective against drug-resistant cancers, which is a multibillion dollar market," Mr. Ehrlich explained. "Most cancer drugs currently out there are just another variation of existing cancer drugs, whether they be another platinum based drug or another Taxol. We, however, have a completely new and novel compound."

"We are pleased to have been interviewed by CEOCFO. The interview provides us another opportunity to showcase to our shareholders the many milestones we are achieving and the progressions of our business strategy," commented Mr. Ehrlich.

The interview is available at:
http://www.cellceutix.com/CTIX-Cellc...nges-Color.pdf

http://ceocfointerviews.com

About CEOCFO Interviews & News