Cellceutix Corp (OTCBB:CTIX) Discloses Details on Polymedix Acquisition

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Las Vegas, NV -- (SBWIRE) -- 09/11/2013 -- Cellceutix Corp (OTCBB:CTIX) announced that it acquired assets of Polymedix Inc, and Polymedix Pharmaceuticals, Inc. on September 4, 2013. The assets were put on sale by U.S. Bankruptcy Court.

CTIX shares that the total purchase price involved two $2.10 million in sales and acquisition and $1.40 million in Cellceutix common stock shares. The company will also file a Registration SEC to list common stock in 60 days.

The company says that between one to 365 days after the Closing, the Securities holder can demand repurchase of Registrable Securities for $1 per share.

Cellceutix Corporation is Biopharmaceutical Company holding rights to 8 pharmaceutical compounds designed for medical treatments. Cellceutix concentrates on Phase 1 trial for anti-cancer compound, Kevetrin. It also takes interest in testing product candidates to out-source clinical trials.

To find out what OTCMAGIC projects for Cellceutix Corp for both short term and long term please click here: CTIX

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