A New Drug For The Treatment of Autism

Press Release



Recent Announcements Suggest Cellceutix Is Well Positioned With Autism Compound Pfizer and Novartis


BEVERLY, MA--(Marketwire - 05/12/10) - Cellceutix Corporation (OTC.BB:CTIX - News), a developer of small compounds for the treatment of cancer, autism and inflammatory diseases, believes that recent announcements by major pharmaceutical companies support its strategy of developing a novel compound to treat autism spectrum disorder. The New York Times published an article on April 29th to report the results from a small, overseas study for the treatment of fragile X syndrome by the Switzerland-based pharmaceutical giant Novartis. Fragile X, a genetic disorder characterized by changes in part of the X chromosome, is believed by Novartis to be a key aspect in attacking developmental disorders such as autism and mental retardation. Pfizer has also recently announced an effort to develop treatments for autism spectrum disorder.

"These announcements indicate that Cellceutix is in a prime position in the development of treatments for autism spectrum disorder," said Leo Ehrlich, the Chief Financial Officer of Cellceutix. "We are developing a novel compound for a disorder which has few treatment options. In an area that people were once skeptical about pharmaceutical advancements being possible, it is encouraging to see other companies showing significant interest."

Cellceutix acquired the rights to KM-391, its compound for the treatment of autism spectrum disorder, last year and has been diligently developing the compound since. Cellceutix has already completed an animal study that shows very encouraging results. Details of the data from the study are available at the Cellceutix website at www.cellceutix.com.

About Cellceutix
Cellceutix Corporation is a preclinical cancer and anti-inflammatory drug developer. Cellceutix owns the rights to eight drug compounds, including Kevetrin™, which it is developing as a treatment for certain cancers, and KM-391, which it is developing for the treatment of autism. More information is available on the Cellceutix web site at www.cellceutix.com.

This Press Release contains forward-looking statements that are based on our current expectations, beliefs and assumptions about the industry and markets in which Cellceutix Corporation operates. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause Cellceutix's actual results to be materially different from any future results expressed or implied by these statements. Actual results may differ materially from what is expressed in these statements, and no assurance can be given that Cellceutix can successfully implement its core business strategy and improve future earnings.

The factors that may cause Cellceutix's actual results to differ from its forward-looking statements include: Cellceutix's current critical need for additional cash to sustain existing operations and meet ongoing existing obligations and capital requirements; Cellceutix's ability to implement its new product development and commercialization, enter into clinical trials, expand the intellectual property portfolio, and receive regulatory approvals in a timely and cost-effective manner. All forward-looking statements are also expressly qualified in their entirety by the cautionary statements included in Cellceutix's SEC filings, including its quarterly reports on Form 10-Q and its annual report on Form 10-K.

Kevetrin and KM-391 have not been studied in humans at this time. The Company's positive results in animal studies do not necessarily guarantee success in humans, though they may form the basis for beginning Phase 1 trials.


Disclosure: This is provided as information only. I do not endorse or support any of the statements in this Press Release. At this moment, I have no opinion of this, as I am still researching this new compound.

Comment Left Saying Smoking and Drugs Cause Autism

Yesterday, Sara Forhetz with KY3.com, reported on Governor Jay Nixon Missouri, spoke out about autism and the lack of insurance coverage for autism treatments. “Gov. Jay Nixon spoke extensively about autism and the lack of coverage in his State of the State address last week” Finally, someone is taking an active interest in helping families raising an autistic child. Now, we need more Governors to become active.

What really hit me about this article was a comment that was left on it. It reminds me of how much we still need to do to raise awareness of autism. It also illustrates what we are up against. People with narrow minds, taking it upon themselves to chime in on autism. People that don’t know a thing about what caused autism or how it should be treated. Here is the quote:

“As long as these young gals and guys smoke, drink, take drugs before and after they have a kid theres going to be problems. Sure make the insurance companies pay for something that was never covered before, now your going to make the insurance company raise rates for everybody then your going to say that the insurance companies are bad there ripping everbody off thats happens when Goverment makes laws that cost other people or busness Money. No you couldnt have a option or rider on your policy if you want coverage pay for it, no they want everybody in the State that is trying to find affordable insurance to keep there family heathly and alive is going to either get less insurance or no insurance becouse the State wants to cure everybodys problem. Its same as you cant afford a down payment on a car you get the tax payers to give it you. AKA cash for clunkers.”

First, come on, if you are going to leave a comment about a subject this important, check you spelling. It really just goes to prove how ignorant you are. You are small minded, ignorant, (yes, I’m going to use the f-bomb on my blog) fuck face and obviously have no sense of morality or sympathy for anyone that isn’t looking back at you from a mirror. You live in your own world and look out upon everyone and spew your garbage from your mouth and on the internet.

As a parent of an autistic child, I think you are pathetic. I pray to God that you do not have any children. You are a poor excuse for a human being and you should crawl back under the rock you came out of.