LOS ANGELES--(BUSINESS WIRE)--CytRx Corporation (NASDAQ:CYTR), a biopharmaceutical company engaged in the development and commercialization of human therapeutics, today announced the appointment of Jaisim Shah as Chief Business Officer and Senior Vice President of Business Development, effective May 4, 2009. Mr. Shah has more than 20 years of business development, commercial operations and marketing experience and a proven track record of establishing corporate partnerships with multiple, leading pharmaceutical and biotechnology companies.