CytRx cancer drug shows promise in mid-stage study

(Reuters) – CytRx Corp said its cancer drug was effective against a type of skin cancer in HIV+ patients, sending its shares up 13 percent before the bell. Interim data from an ongoing mid-stage study showed that the drug, aldoxorubicin, stopped tumor growth in HIV+ patients suffering from Kaposi’s Sarcoma, the company said on Thursday. The U.S. Food and Drug Administration placed a hold on enrolling new patients in all clinical trials of aldoxorubicin in November, after a patient died. (Reporting by Rosmi Shaji in Bengaluru; Editing by Simon Jennings)
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