Cellceutix Announces Kevetrin in Combination with Radiation Delayed Tumor Growth by Twofold in Head and Neck Cancer Study

BEVERLY, MA–(Marketwire – May 16, 2011) – Cellceutix Corporation (OTCQB: CTIX) (PINKSHEETS: CTIX), a biopharmaceutical company focused on discovering and developing small molecule drugs to treat unmet medical conditions, today provided additional research data on Kevetrin™, its p53 breakthrough anti-cancer compound.

Kevetrin™ was studied as combination therapy with radiation to treat human head and neck cancer lines implanted in animals. While tumors treated with Kevetrin™ or radiation alone each showed significant anti-tumor activity, tumors treated with Kevetrin™ followed by radiation one week later demonstrated superior results in controlling tumor size. Since the sequence of Kevetrin™ followed by radiation outpaced the reverse (radiation then Kevetrin™), Kevetrin™ may be acting as a “radiosensitizer,” a term used to describe sensitization of tumor cells to radiation at the cellular level.

Further information on the study is available at our website.

Dr. Krishna Menon, Chief Scientific Officer of Cellceutix, commented, “Our research to date has shown the potential of Kevetrin™ as a stand-alone therapy. This additional data demonstrates its value as a combination therapy. We believe the radiosensitizer capacity of Kevetrin™ is once again attributable to its interaction with p53. The data that we have collected in our pre-clinical studies on Kevetrin™ gives me great hope that Cellceutix is developing a drug that one day will have a major impact on cancer treatments.”

To provide investors with a greater understanding of Cellceutix, an audio interview has been conducted with The Green Baron Report. The webcast is available for listening or download at http://thegreenbaron.com/Webcasts.htm.