On October 5, 2022 LadRx Corporation (OTCQB: LADX) ("LadRx" or the "Company"), a biopharmaceutical innovator focused on research and development of life-saving cancer therapeutics, reported it is changing its OTCQB ticker symbol from CYTR to LADX effective Thursday, October 6, 2022 (Press release, LadRx, OCT 5, 2022, View Source [SID1234621747]).

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Chief Executive Officer Stephen Snowdy, PhD commented, "Following up on other changes we have made this year, including the change of our name to LadRx Corporation, we are updating our ticker symbol to better reflect our Company’s focus and brand. Our new name and ticker highlight our unique product platform that has given rise to one clinical drug, Aldoxorubicin, and four pre-clinical therapeutics targeted against cancer, LADRs 7, 8, 9, and 10."

There is no action required by the Company’s current shareholders and the change in its ticker symbol will have no effect on its corporate structure or business. LadRx’s common stock will continue to be listed on the OTCQB, and the CUSIP will remain unchanged.