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CytRx Bolsters Executive Suite with Addition of Chief Medical Officer

Mon. October 19, 2009; Posted: 11:40 PM
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Oct 20, 2009 (Close-Up Media via COMTEX) -- CYTR | Quote | Chart | News | PowerRating -- CytRx Corp., a biopharmaceutical company, said that it has named internationally prominent scientific management, clinical and regulatory expert Daniel Levitt, MD, Ph.D as Its Chief Medical Officer.

In a release, the Company noted that this position is pivotal in defining, building and protecting the company's market franchise, and is therefore instrumental in strengthening stockholder interests. With leadership responsibility over all CytRx drug development programs, Dr. Levitt brings more than 24 years of senior management experience, spearheading numerous drug development programs to commercialization at biotechnology and pharmaceutical companies.

"We are delighted that such a well-respected, highly successful, multifaceted professional such as Daniel has joined our executive team at this critical juncture as we move multiple clinical programs toward potential commercialization," said CytRx President and CEO Steven A. Kriegsman. "Daniel has successfully piloted drug programs through the clinical and regulatory process, resulting in marketing approvals. Notable among these, he played instrumental roles in the clinical development of several generations of novel cytokines, humanized antibodies and small molecules, as president of Protein Design Labs, global leader of oncology drug development at Sandoz Pharmaceuticals and director of clinical oncology at Hoffmann-LaRoche. In addition to clinical and regulatory oversight, he brings a full breadth of experience encompassing quality and manufacturing, as well as strategic business development - all key areas for CytRx in advancing our extensive drug pipeline."

Dr. Levitt graduated Magna Cum Laude and Phi Beta Kappa with a Bachelor of Arts degree from Brandeis University. He earned both his medical degree and his doctorate degree in Biology from the University of Chicago Pritzker School of Medicine. Dr. Levitt has received 10 major research awards and authored or co-authored nearly 200 papers and abstracts.

((Comments on this story may be sent to health@closeupmedia.com))

For full details on Cytrx Corporation (CYTR) click here. Cytrx Corporation (CYTR) has Short Term PowerRatings of 7. Details on Cytrx Corporation (CYTR) Short Term PowerRatings is available at This Link.

    


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