Cellceutix

Thank You

BEVERLY, MA--(Marketwired - August 10, 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 thank all the hospitals, scientists, physicians, and shareholders who have reached out to us on Thursday and Friday in support of Cellceutix. The volume and price action Friday speaks to the confidence of our supporters and shareholders as they had time to reflect upon and react to the absurdity of an article about Cellceutix.

Cellceutix has a robust pipeline with a full slate of ongoing and planned clinical trials. Our goal is to be the next Regeneron (REGN), a company built on novel science with the vision and strategy to grow exponentially. To accomplish this, Cellceutix is engaged in four clinical trials. Of course, it should be obvious to anyone that running a single clinical trial is a task requiring numerous personnel, much less the resources that are required to run four concurrently. Cellceutix is a lean and passionate Company and has a very productive and dedicated staff.

Our facility at 100 Cummings Center was previously occupied by Cell Signaling Technology. That should give you an idea as to the excellence of our labs. We even upgraded it for our specialized needs. As far as our antibiotic pipeline, the acquisition of Durata Therapeutics by Actavis Plc for $675 million to gain control of dalbavancin and Merck's acquisition of Cubist Pharmaceuticals for about $9.5 billion, in part for the blockbuster drug daptomycin, proves the value of potent Gram-positive antibiotics and shows we're in the right space with our novel antibiotic Brilacidin. Two Phase 2 trials have shown Brilacidin to be as effective as daptomycin in treating Acute Bacterial Skin and Skin Structure Infections (ABSSSI). In our upcoming Phase 3 trials, we intend to raise the bar again as part of our strategic plan to prove the potency and safety of Brilacidin, grow value and increase brand awareness.

We believe that Brilacidin, which is a new structural class called "defensin mimetics" and being developed under a QIDP designation from the FDA, will have a competitive edge over today's antibiotics for ABSSSI should it make it to market. Drugs like oritavancin and dalbavancin come from existing classes of antibiotics, meaning that there is a higher likelihood of exhibiting cross-resistance because of their structural similarity to older antibiotics. In addition, they may have market acceptance challenges because they have long half-life, which Brilacidin does not. Brilacidin is a swift bacteria destroyer that bacteria have never seen before, making it an ideal drug candidate. Finally, Brilacidin can be given as a single-dose, which further differentiates it from multi-dose regimens for ABSSSI, such as daptomycin, vancomycin, or linezolid. For these reasons, our team is highly motivated to get the pivotal Phase 3 trial underway.