SOURCE: Cellceutix

Cellceutix

May 28, 2015 07:00 ET

Cellceutix to Present Poster on Kevetrin, a Novel p53 Targeted Therapy for Solid Tumors at American Society of Clinical Oncology (ASCO) Annual Meeting

BEVERLY, MA--(Marketwired - May 28, 2015) - Cellceutix Corporation (OTC: CTIX) (the "Company"), a clinical stage biopharmaceutical company developing innovative therapies with oncology, dermatology, anti-inflammatory and antibiotic applications, today announced that the Company will be sponsoring an abstract publication at the American Society of Clinical Oncology (ASCO) 2015 Annual Meeting being held May 29 - June 2, 2015 at McCormick Place in Chicago, Illinois. The poster will provide an overview of the Company's ongoing Phase 1 clinical trial of Kevetrin as a monotherapy for advanced solid tumors being conducted at Harvard Cancer Centers' Dana-Farber Cancer Institute and partner Beth Israel Deaconess Medical Center and will include information on the activation of p53 through inducing p21 gene expression. The poster will be presented during the poster session titled, "Developmental Therapeutics -- Clinical Pharmacology and Experimental Therapeutics" in S Hall A.

Details of the poster presentation:

Saturday May 30, 2015 from 8:00 AM to 11:30 AM CDT
Title: A phase 1, dose-escalation, safety, pharmacokinetic, pharmacodynamic study of thioureidobutyronitrile, a novel p53 targeted therapy, in patients with advanced solid tumors
Presenter: Geoffrey Shapiro, MD, PhD. - Director, Early Drug Development Center, Senior Physician, Associate Professor of Medicine, Harvard Medical School
Location: S Hall A
Poster Board Number: Board #323a
Abstract No: TPS2613
Category: Developmental Therapeutics -- Clinical Pharmacology and Experimental Therapeutics
Sub-category: Cytotoxics and other Novel Agents
Citation: J Clin Oncol 33, 2015 (suppl; abstr TPS2613)

The link on the ASCO website is: http://abstracts.asco.org/156/AbstView_156_149817.html

"The Poster at ASCO is a meaningful advancement in the progression of Kevetrin as we look towards Phase 2 trials to further evaluate our novel compound's effect on p53 in solid and liquid tumors," commented Krishna Menon, Chief Scientific Officer at Cellceutix. "We are pleased to once again present at ASCO. We believe the interest in Cellceutix has never been greater."

Following the presentation at ASCO, Cellceutix will make the poster available on its website.

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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 has begun 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 has recently completed a Phase 1 clinical trial and is being readied for 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
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that could cause Cellceutix's actual results and experience to differ materially from anticipated results and expectations expressed in these forward looking statements. Cellceutix has in some cases identified forward-looking statements by using words such as "anticipates," "believes," "hopes," "estimates," "looks," "expects," "plans," "intends," "goal," "potential," "may," "suggest," and similar expressions. Among other factors that could cause actual results to differ materially from those expressed in forward-looking statements are Cellceutix's need for, and the availability of, substantial capital in the future to fund its operations and research and development; including the amount and timing of the sale of shares of common stock to Aspire Capital; the fact that Cellceutix's compounds may not successfully complete pre-clinical or clinical testing, or be granted regulatory approval to be sold and marketed in the United States or elsewhere. A more complete description of these risk factors is included in Cellceutix's filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements. Cellceutix undertakes no obligation to release publicly the results of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by applicable law or regulation.

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