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CytRx Corp. announces agreement with Sands Brothers.

Vaccine Weekly

| November 20, 2002 | COPYRIGHT 2002 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

2002 NOV 20 - (NewsRx.com & NewsRx.net) -- CytRx Corp. (NASDAQ:CYTR) announced its board of directors has approved the hiring of Sands Brothers & Company, Ltd., through an Investment Banking Agreement focusing on potential strategic alliances, mergers, and acquisition matters and corporate finance.

CytRx's new relationship with Sands Brothers may provide CytRx with much needed sponsorship in the Nasdaq Small Cap arena. Sands Brothers and its affiliates employ a staff of over 500 professionals, with offices in New York, London, California, Florida, Texas, and Colorado.

CytRx Corporation is a biopharmaceutical company focused on the development and commercialization of high-value human therapeutics. The company's current portfolio of products under development includes Flocor, an intravenous agent for treatment of sickle cell disease and other acute vaso-occlusive disorders, and TranzFect, a delivery technology for DNA-based vaccines. CytRx has licensed TranzFect to Merck & Co., Inc., for use in Merck's efforts to develop DNA-based vaccines for HIV and three other infectious diseases.

A number of other uses of TranzFect for enhancement of viral or nonviral delivery of polynucleotides (such as DNA and RNA) have been licensed to Vical, Inc.

CytRx has a research pipeline in the areas of muscular ...

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