Cellceutix' Kevetrin and Thymoma -- a Rare Cancer

BEVERLY, MA--(Marketwired - August 11, 2015) - Cellceutix Corporation (OTC: CTIX) (the "Company"), a clinical stage biopharmaceutical company developing innovative therapies with oncology, dermatology, anti-inflammatory and antibiotic applications, would like to provide additional information regarding the Company's Phase 1 trial of Kevetrin in patients with advanced solid tumors who have no other treatment options. Cellceutix has received many inquiries for more information related to the disclosure in a press release on Friday, August 7, 2015 of a patient in the trial entering the eleventh month of therapy, as the cancer type was not disclosed.

The patient, now in his eleventh month of treatment, is being treated with Kevetrin for Stage 4 thymoma, a rare disease in which cancer cells form on the outside surface of the thymus. The patient's disease is considered stabilized, as information to date shows a slight reduction (approximately 6 percent) in tumor size. The patient reports feeling better than before and side effects have been minimal.

Cellceutix is encouraged by the information received to date. The Company will be analyzing all the data from the trial to determine which indications will be considered for an Orphan Drug application with the U.S. Food and Drug Administration and advanced clinical trials.

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About Cellceutix:

Headquartered in Beverly, Massachusetts, Cellceutix is a publicly traded company under the symbol "CTIX". Cellceutix is a clinical stage biopharmaceutical company developing innovative therapies in oncology, dermatology and antimicrobial applications. Cellceutix believes it has a world-class portfolio of compounds and is now engaged in advancing its compounds and seeking strategic partnerships. Cellceutix's anti-cancer drug Kevetrin is currently in a Phase 1 clinical trial at Harvard Cancer Centers' Dana Farber Cancer Institute and Beth Israel Deaconess Medical Center. In the laboratory Kevetrin has shown to induce activation of p53, often referred to as the "Guardian Angel Gene" due to its crucial role in controlling cell mutations. Cellceutix is in a Phase 2 clinical trial with its novel compound Brilacidin-OM for the prevention of Oral Mucositis in patients with head and neck cancer. Brilacidin-OM, a defensin mimetic compound, has shown in an animal model to reduce the occurrence of severe ulcerative oral mucositis by more than 94% compared to placebo. Cellceutix's anti-psoriasis drug Prurisol is in a Phase 2 trial. Prurisol is a small molecule that acts through immune modulation and PRINS reduction. Cellceutix's lead antibiotic, Brilacidin, has completed a Phase 2b trial for Acute Bacterial Skin and Skin Structure Infections, or ABSSSI. Top-line data have shown a single dose of Brilacidin to deliver comparable clinical outcomes to the FDA-approved seven-day dosing regimen of daptomycin. Brilacidin has the potential to be a single-dose therapy for certain multi-drug resistant bacteria (Superbugs). Cellceutix has formed research collaborations with world-renowned research institutions in the United States and Europe, including MD Anderson Cancer Center, Beth Israel Deaconess Medical Center, and the University of Bologna. More information is available on the Cellceutix web site at www.cellceutix.com.

Forward-Looking Statements

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