LOS ANGELES, Dec. 2, 2016 /PRNewswire/ -- CytRx Corporation
(NASDAQ: CYTR), a biopharmaceutical research and development company specializing in oncology, today announced the appointment of
Earl Warren Brien, M.D., a noted sarcoma surgeon, industry consultant, and private healthcare
investor, to its Board of Directors.
"Dr. Brien is a healthcare leader with clinical and strategic experience at the highest level," said Steven A. Kriegsman, CytRx's Chairman and CEO. "As one of the world's leading orthopedic surgeons, Dr. Brien
has performed thousands of sarcoma-related surgeries over the course of his career. He brings a wealth of knowledge to
CytRx through his first-hand experience in treating patients with soft tissue sarcomas coupled with years of providing strategic
counsel to both biotech and medical device companies. On behalf of the entire Board and management team, I welcome him and
look forward to his contributions as we advance aldoxorubicin toward a New Drug Application (NDA) filing for the treatment of
soft tissue sarcomas."
Dr. Brien commented, "My background and deep familiarity with sarcoma, both as a surgeon and a collaborator with treating
sarcoma physicians, enables me to bring a unique, real world perspective to CytRx and I am delighted to join its Board of
Directors and to work closely with this world-class scientific and entrepreneurial team. With positive Phase 3 results now
in hand, I believe aldoxorubicin represents a major step forward for sarcoma patients and I look forward to making contributions
that will assist in bringing this promising new treatment candidate to patients suffering with this rare, complex and
difficult-to-treat cancer."
Dr. Brien is a board certified orthopedic and sarcoma surgeon who currently serves as a Professor of Orthopedic Surgery and
Surgical Director of the Sarcoma Service at Cedars-Sinai Medical Center in Los Angeles,
California. He earned his medical degree from Howard University School of Medicine and
completed fellowships at the Memorial Sloan-Kettering Cancer Center in Orthopedic Oncology and at the Hospital for Special
Surgery at Cornell University. Over his more than twenty-year career, Dr. Brien has received numerous research grants,
given over 140 scientific presentations, and been published in numerous peer-reviewed journals and books.
About CytRx Corporation
CytRx Corporation is a biopharmaceutical research and development company specializing in oncology. CytRx currently is focused
on the clinical development of aldoxorubicin, its albumin-binding conjugate of doxorubicin. CytRx is also expanding its
pipeline of oncology candidates at its laboratory facilities in Freiburg, Germany, through its
LADR™ (Linker Activated Drug Release) technology platform, a discovery engine designed to leverage CytRx's expertise in albumin
biology and linker technology for the development of a new class of anti-cancer therapies.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended. Such statements involve risks and uncertainties that could cause actual events or results to differ materially
from the events or results described in the forward-looking statements, including risks relating to the timing and final results
of CytRx's clinical testing of aldoxorubicin, timing of CytRx's preparation and submission of an NDA for aldoxorubicin for the
treatment of STS and FDA acceptance and review of any NDA, the risk that CytRx may be unsuccessful in obtaining FDA approval or,
if approval is obtained, in commercializing aldoxorubicin in the United States or elsewhere,
risks related to CytRx's need for additional capital or strategic partnerships to fund its ongoing working capital needs and
other risks and uncertainties described in the most recent annual and quarterly reports filed by CytRx with the Securities and
Exchange Commission and current reports filed since the date of CytRx's most recent annual report. All forward-looking statements
are based upon information available to CytRx on the date the statements are first published. CytRx undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact:
CytRx Corporation
David J. Haen
Vice President, Business Development and Investor Relations
(310) 826-5648, ext. 304
dhaen@cytrx.com
Media Contact:
Argot Partners
Eliza Schleifstein
(917) 763-8106
eliza@argotpartners.com
Investor Relations Contact:
Argot Partners
Michelle Carroll
(212) 600-1902
michelle@argotpartners.com
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SOURCE CytRx Corporation