Assay Results From      Cellceutix Phase 1 Clinical Trial of Kevetrin for Cancer Show Increased      p21 Expression in 67.5% of Evaluable Patients
  BEVERLY,      MA--(Marketwired - February 22, 2016) - Cellceutix Corporation (OTC: CTIX)      (the "Company"), a clinical stage biopharmaceutical company developing      innovative therapies with oncology, dermatology, anti-inflammatory and      antibiotic applications, is pleased to release the latest p21 data from      the recently completed Phase 1 trial of Kevetrin for patients with      advanced solid tumors.
  Cancer is an extremely complex disease, with      many different types falling under a general category. For instance, there      are dozens of types of ovarian cancer, categorized by the type of cell      from which they originate. While many are treated in the same manner,      scientists are working to try and determine if certain types, such as      epithelial, need to be treated differently than others, such as the serous      type. These differences can be culprits in the failure of many      experimental drugs to have efficacious results in clinical trials, which      once looked promising in the laboratory. In Cellceutix's view, the best      likelihood for success with a new drug is for it to identify and target a      common factor across the different tumor variations. In our planned      clinical trial for treating ovarian cancer, the commonality that Kevetrin      is being developed to target is the key tumor suppressor p53, a protein      that is typically damaged or dormant in ovarian cancer, as well as cancers      of different origins.
  The Phase 1 study, conducted at Dana-Farber      Cancer Institute and partner Beth Israel Deaconess Medical Center,      evaluated not only the safety and pharmacokinetics of Kevetrin, but also      assessed changes in p21 expression in peripheral blood monocytes as a      measure of p53 activation resulting from Kevetrin treatment. Expression of      p21, a potent cyclin-dependent kinase inhibitor, is tightly controlled by      the tumor suppressor protein p53, also known as the "Guardian Angel of the      Human Genome."
  A total of 48 patients in the study received      Kevetrin and final p21 expression data are now available for 40 patients;      samples could not be analyzed for 8 patients. Samples were collected at 7      and 24 hours after the initiation of the first Kevetrin infusion.      Regardless of tumor type, a total of 27 of the 40 patients (67.5%) had      increases in p21 expression relative to pre-treatment levels. For the      patients with the greatest increases at either 7 hours or 24 hours, the      mean percent increase at 7 hours (10 patients) was 38.5% (median 22%) and      at 24 hours (17 patients) the mean percent increase was 24.5% (median      17%). For those patients who received Kevetrin at doses of = 165 mg/m(2)      the mean percent increase was 21.7% (n=11), and for patients who received      Kevetrin at doses ranging from 215 mg/m(2) to 750 mg/m(2) the mean percent      increase was 35.2% (n=17).
  These data confirm the ability of      Kevetrin to activate p53, as shown in a majority of the patients in this      study. In addition, the detection of p21 expression at 24 hours after      Kevetrin administration, coupled with the known short half-life of      Kevetrin in plasma, is consistent with an intracellular site of action of      Kevetrin. Finally, the suggestion of a dose-response in p21 expression      with higher Kevetrin doses will be further evaluated in the planned      clinical study in patients with ovarian carcinoma.
  "In past      releases, we have discussed disease stabilization and reduction of      cancerous lesions in some patients treated with Kevetrin," said Leo      Ehrlich, Chief Executive Officer at Cellceutix. "Now, this new p21 data      only reinforces our high expectations for and confidence in Kevetrin,      specifically, its potential to treat patients across a broad spectrum of      cancer types and even those in late stages with refractory tumors. It is      exciting to see our early clinical work in the lab translating to the      bedside."
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  About      Cellceutix:
  Headquartered in Beverly, Massachusetts, Cellceutix is      a publicly traded company under the symbol "CTIX". Cellceutix is a      clinical stage biopharmaceutical company developing innovative therapies      in multiple diseases. Cellceutix believes it has a world-class portfolio      of compounds and is now engaged in advancing its compounds and seeking      strategic partnerships. Cellceutix's anti-cancer drug Kevetrin concluded a      Phase 1 clinical trial at Harvard Cancer Centers' Dana Farber Cancer      Institute and Beth Israel Deaconess Medical Center, and Cellceutix is now      preparing its FDA application for a Phase 2 ovarian cancer study. In the      laboratory Kevetrin has shown to induce activation of p53, often referred      to as the "Guardian Angel Gene" due to its crucial role in controlling      cell mutations. Cellceutix is in a Phase 2 clinical trial with its novel      compound Brilacidin-OM for the prevention of Oral Mucositis in patients      with head and neck cancer. Brilacidin-OM, a defensin mimetic compound, has      shown in an animal model to reduce the occurrence of severe ulcerative      oral mucositis by more than 94% compared to placebo. Cellceutix's      anti-psoriasis drug Prurisol is in a Phase 2 trial. Prurisol is a small      molecule that acts through immune modulation and PRINS reduction.      Cellceutix's lead antibiotic, Brilacidin, has completed a Phase 2b trial      for Acute Bacterial Skin and Skin Structure Infections, or ABSSSI.      Top-line data have shown a single dose of Brilacidin to deliver comparable      clinical outcomes to the FDA-approved seven-day dosing regimen of      daptomycin. Brilacidin has the potential to be a single-dose therapy for      certain multi-drug resistant bacteria (Superbugs). Cellceutix has formed      research collaborations with world-renowned research institutions in the      United States and Europe, including MD Anderson Cancer Center, Beth Israel      Deaconess Medical Center, and the University of Bologna. More information      is available on the Cellceutix web site at www.cellceutix.com.
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