CytRx Corporation Cancels Presentation At Rodman & Renshaw 3rd Annual Global Healthcare Conference

LOS ANGELES--(BUSINESS WIRE)--May 12, 2006--CytRx Corporation (Nasdaq:CYTR - News), a biopharmaceutical company engaged in the development and commercialization of human therapeutics, today announced that the Company has decided not to present at the Rodman & Renshaw 3rd Annual Global Healthcare Conference on May 15, 2006 due to scientific commitments of the presenter, Dr. Jack Barber, the Company's Senior Vice President of Drug Discovery.