Cellceutix Successfully     Completes In Vitro Study in Support of Planned Phase 2 Trial of Kevetrin     for Ovarian Cancer
  Research on CYP450 Shows No Concerns for Adverse     Drug-Drug Interactions in Combination Therapy
  BEVERLY,     MA--(Marketwired - March 31, 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 announce that the latest laboratory     research on the Company's anti-cancer drug Kevetrin showed that Kevetrin     did not inhibit or induce cytochrome P450 enzymes in vitro. Based upon the     documented relationship of P450 and certain potential drug-drug     interactions, this positive data is central to the planned Phase 2     clinical trial where Kevetrin will be used in a combination therapy for     the treatment of ovarian cancer.
  The testing was performed at the     request of the U.S. Food and Drug Administration ("FDA") during     Cellceutix's recent meeting with the FDA pertaining to the planned Phase 2     trial. Per standard protocol, the FDA requires specific studies in an     attempt to preempt possible drug interaction complications during human     trials. The requisite in vitro testing met Cellceutix's expectations in     demonstrating that Kevetrin can be combined with another anti-cancer drug     without any concerns of adverse drug-drug interactions.
  Enzymes     produced by cytochrome P450 genes are involved in the synthesis and     metabolism of molecules within cells. Cytochrome P450 enzymes (CYP450),     found primarily in liver cells, account for 70 to 80% of enzymes involved     in drug metabolism (US National Library of Medicine, 2016). There are more     than 50 enzymes, but only six metabolize 90% of drugs, especially CYP3A4     and CYP2D6 (Lynch and Price 2007).
  Many drugs are metabolized     through the CYP450 enzyme system, which can be inhibited or induced by     other molecules, such as anti-cancer drugs, grapefruit juice or tobacco.     It is important to know if a molecule inhibits or induces these enzymes,     especially when used in combination with other drugs, since there is a     potential for drug-drug interaction that can cause unexpected adverse     events or inactivity (Ogu and Maxa 2000).
  Kevetrin, under     development as an anti-cancer agent as monotherapy or in combination with     chemotherapeutic agents, was assessed for its ability to inhibit or induce     P450 enzyme activity.
  For assessment of inhibition of CYP450,     Kevetrin, at concentrations up to 100 g/mL, were incubated with human     liver microsomes and enzyme-specific substrates at 37degC. The following     CYP450 isozymes were evaluated: 1A2, 2B6, 2C8, 2C9, 2C19, 2D6, 3A4.     Kevetrin showed little to no inhibition and no time dependent inhibition     (TDI) effect on any of the seven isozymes tested, whereas the positive     controls showed inhibition of the isozymes in the same system, as expected.
  For     assessment of induction of CYP450, Kevetrin, at 10 and 100 M, and     positive inducers were incubated with primary human liver cells at 37degC     for 48 hours. The following CYP450 isozymes were evaluated: 1A2, 2B6, 2C9,     3A4. Enzyme-specific substrates were added, incubated for one hour then     metabolites were measured. Kevetrin did not induce any of the four CYP     isozymes tested, whereas the positive controls did show induction in the     same system, as expected.
  Given the lack of inhibition or induction     of CYP450, the study met the requirements of the FDA and it is expected     that the development of Kevetrin in human clinical trials may proceed in     combination with certain other chemotherapeutic agents without concern for     potential drug-drug interactions. Cellceutix is currently finalizing the     documentation for submission to the FDA.
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