Jul 26 2012
CytRx 
      Corporation (NASDAQ: CYTR), a biopharmaceutical company specializing 
      in oncology, today announced the initiation of a Phase 1b clinical trial 
      to determine the maximum tolerated dose and to evaluate preliminary 
      efficacy of aldoxorubicin (formerly INNO-206) administered in 
      combination with the commonly used chemotherapeutic agent doxorubicin in 
      patients with advanced solid tumors who have failed other therapies. 
      Aldoxorubicin is a tumor-targeting conjugate of doxorubicin.
    
"Recent trials conducted by Dr. Felix Kratz of the Tumor Biology 
      Institute in Freiburg, Germany using animal models of human tumors 
      showed that the combination of aldoxorubicin and free doxorubicin 
      administered at 50% each of their respective maximum tolerated dose 
      provided complete and prolonged remissions in ovarian and pancreatic 
      cancers with minimal weight loss compared with each drug administered 
      individually at its maximum tolerated dose," said Sant P. Chawla, M.D., 
      F.R.A.C.P., Director of the Sarcoma Oncology Center in Santa Monica, 
      Calif. "Given these favorable results, the combination of aldoxorubicin 
      plus doxorubicin warrants further evaluation as a treatment for patients 
      with solid tumors."
    
    
      The single-center Phase 1b clinical trial will be conducted under the 
      direction of Dr. Chawla and will enroll up to 24 patients. Doxorubicin 
      will be administered at 50% of its maximum tolerated dose in combination 
      with escalating doses of aldoxorubicin to determine the maximum 
      tolerated dose of the combination of these two drugs in this patient 
      population.
    
    
      In June, CytRx reported results for a Phase 1b/2 clinical trial 
      indicating that aldoxorubicin administered at its maximum tolerated dose 
      showed clinical benefit (defined as partial response and stable disease 
      of more than four months following up to eight cycles of treatment) in 
      10 of 13 (77%) evaluable patients with relapsed or refractory soft 
      tissue sarcoma. All patients in the Phase 1b/2 trial had either not 
      responded to or relapsed after treatment with between one and three 
      prior chemotherapy regimens. Based on the results of this trial CytRx 
      plans to meet with the FDA in the second half of 2012 to discuss a 
      potential Phase 3 pivotal trial as a therapy for patients with soft 
      tissue sarcomas whose tumors have progressed following treatment with 
      chemotherapy.
    
    
      "We are delighted that such a distinguished sarcoma expert as Dr. Chawla 
      has agreed to serve as principal investigator for yet another trial with 
      aldoxorubicin," said CytRx CEO Steven A. Kriegsman. "Dr. Chawla led our 
      Phase 1b/2 clinical trial with aldoxorubicin in patients with advanced 
      solid tumors and presented clinical results from this trial at the 
      American Society of Clinical Oncology (ASCO) conference last month. He 
      also is leading our global Phase 2b clinical trial designed to compare 
      aldoxorubicin head-to-head with doxorubicin as a first-line treatment 
      for patients with advanced soft tissue sarcoma. Enrollment completion 
      and data analysis are expected for this trial in 2013."