Las Vegas, NV -- (SBWIRE) -- 09/13/2013 -- Cellceutix Corp (OTCBB: CTIX) recently announced that it has acquired all of the assets of the company PolyMedix, Inc. Previously it was trading as PYMX. It was biotechnology company that was developing small-molecule drugs for the treatment of infectious diseases and innate immunity disorders.
Cellceutix has acquired substantial equipment assets in PolyMedix's 25,000-square-foot headquarters and laboratory. It also includes the PolyMedix pipeline of nine compounds.
Cellceutix Corporation deals in the development of small molecule drugs to treat diseases mainly in the areas of cancer and inflammatory disease. Its product includes Kevetrin, various preclinical stage products comprising of KM-133, KM 391, KM 277 and KM 278. The company was founded in 2007 and is settled in Beverly, Massachusetts.
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