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EX-99.1 - PRESS RELEASE DATED JUNE 4, 2018 - CYTRX CORPexh99_1.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  June 1, 2018
 
CYTRX CORPORATION
(Exact name of registrant as specified in its charter)
 
 
Delaware
 
 
000-15327
 
 
58-1642740
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)
 
11726 San Vicente Boulevard, Suite 650
Los Angeles, California  90049
(Address of principal executive offices) (Zip Code)
 
Registrant's telephone number, including area code: (310) 826-5648
 
None
(Former name or former address, if changed since last report) 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).  Emerging growth company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Item 8.01 Other Events

On June 4, 2018, CytRx Corporation (the "Company") announced the formation and launch of Centurion BioPharma Corporation, a wholly owned subsidiary of the Company that will focus on advancing the Company's proprietary, albumin binding ultra-high potency LADR™ (Linker-Activated Drug Release) oncology drug candidates. Effective June 1, 2018, the Company transferred to Centurion BioPharma Corporation all of the assets, liabilities and personnel associated with its laboratory operations in Freiburg, Germany.

Attached as Exhibit 99.1 to this Current Report on Form 8-K is a press release issued by the Company on June 4, 2018, which is incorporated herein by reference.

Cautionary Statement Regarding Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those described in the forward-looking statements. There are important factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including those discussed under "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2017. All forward-looking statements are based upon information available to the Company on the date the statements are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Item 9.01.    Financial Statements and Exhibits
(d)  Exhibits.
Exhibit No.
 
Description
 
Press Release dated June 4, 2018



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  CYTRX CORPORATION  
       
Date: June 4, 2018
By:
/s/ JOHN Y. CALOZ  
    Name: John Y. Caloz  
    Title: Chief Financial Officer