SHAREHOLDER NOTICE: Khang & Khang LLP Announces an Investigation of CytRx Corporation and Reminds Investors with Losses
to Contact the Firm
Khang & Khang LLP (the “Firm”) announces that it is investigating claims against CytRx Corporation (“CytRx” or the
“Company”) (Nasdaq: CYTR) concerning possible violations of federal securities laws.
If you purchased shares of CytRx and want more information, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101
Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may
choose to take no action and remain a passive class member.
The investigation concerns whether the Company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Specifically, the investigation will focus on the July 12, 2016 disclosure of the results of the Company’s Phase 3 clinical trial
of aldoxorubicin, which did not show any improvement from other commonly used cancer drugs. CytRx stated that almost half of the
patients in the Phase 3 trial were excluded from the data since the study was disturbed by a partial clinical hold on November
2014. When this news was announced, stock prices fell sharply.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost
two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
Khang & Khang LLP
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
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