Cellceutix Pharmaceuticals, Inc. (OTCBB: CTIX), located outside of Boston in Beverly, MA, is an emerging bio-pharmaceutical company in the business of developing small molecule therapies in areas of unmet medical need. Their primary efforts are in cancer and inflammatory disease, but also have another compounds in the pipeline that are being formulated to treat psoriasis and autism. Cellceutix flagship product, Kevetrin, is being developed to treat cancers that are resistant to standard treatments. The company’s portfolio of product candidates in pre-clinical development includes two anti-cancer agents targeting multiple tumors; one candidate targeting psoriasis; one candidate targeting rheumatoid arthritis; one candidate with potential for indications of osteo-arthritis/asthma; one candidate with a potential for indications of neurological disorders for the treatment of Multiple Sclerosis, Lou Gehrig Disease, and/or Parkinson’s Disease; and a small molecule with potential for development to treat hypertensive emergency.
Learn more about the Cellceutix pipeline:
Kevetrin for multi-drug resistant cancers | Prurisol for psoriasis | KM-391 for autsim
Their business strategy is well-described by their company slogan “Compounds for Cures.” Cellceutix has kept a “low profile” as they have been developing their products and funding internally to maintain shareholder value by virtue of no dilution. By biotechnology standards, their pipeline of products is moving forward rapidly through an experienced management and development team with years of experience in researching, developing and marketing pharmaceuticals. Cellceutix was delisted to the pinksheets at the end of 2010 due to lack of market maker activity, but intends to ramp-up exposure and return to the Bulletin Boards in the coming months. From a investors standpoint, the delisting caused a drop in share price which is offering a “value opportunity” at these levels. CTIX was trading near 80 cents per share less than one year ago.
HISTORY OF CELLCEUTIX CORPORATION
Cellceutix was established in May of 2007 by Chief Scientific Officer, Dr. Krishna Menon.
Dr. Krishna Menon’s experience and accolades are impressive to say the least. Dr. Menon has nearly 40 years experience in drug development for academia and industry. Some of the highlights of Dr. Menon’s career include:
The final component of Cellceutix solid corporate structure is their Chief Financial Officer, Leo Ehrlich. Mr. Ehrlich has been with Cellceutix since June of 2007. A Certified Public Accountant, Mr. Ehrlich also his his BBA from Bernard Baruch College of the City University of New York and sits on the board at StatSure Diagnostic Systems, Inc. as their Chief Financial Officer. Before coming to Cellceutix, Mr. Ehrlich Mr. Ehrlich was the CFO and a director of Nanoviricides, Inc. from June 1, 2005. until May 2007.
SHARE STRUCTURE (approximate as of January 10, 2010)
TRANSFER AGENT
Pacific Stock Transfer Co.
4045 South Spencer Street
Suite 403
Las Vegas, NV 89119
Tel: (702) 361-3033
Fax: (702) 433-1979
E-mail: [email protected]
CONTACT INFORMATION
Cellceutix Corporation
100 Cumming Center
Suite 151-B
Beverly, MA 01915
Phone: 978-633-3623
Fax: 978-921-6564
Email: [email protected]
Website: www.cellceutix.com
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