SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of report (Date of earliest event reported): December 21, 2001
CYTRX CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware 000-15327 58-1642750
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
154 Technology Parkway
Suite 200
Norcross, Georgia 30092
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (770) 368-9500
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
On December 7, 2001, CytRx entered into a license agreement (the "License
Agreement") with Vical Incorporated ("Vical") granting Vical exclusive,
worldwide rights to use or sublicense CytRx's TranzFect poloxamer technology to
enhance viral or non-viral delivery of polynucleotides (such as DNA and RNA) in
all preventive and therapeutic human and animal health applications, except for
(1) four infectious disease vaccine targets previously licensed by CytRx to
Merck & Co., Inc. and (2) DNA vaccines or therapeutics based on prostate-
specific membrane antigen (PSMA). In addition, the License Agreement permits
Vical to use TranzFect poloxamer technology to enhance the delivery of proteins
in prime-boost vaccine applications that involve the use of polynucleotides.
Under the License Agreement, CytRx received an up-front payment of $3,750,000
and has the potential to receive milestone and royalty payments in the future
based on criteria described in the License Agreement.
A copy of the License Agreement is filed as Exhibit 99 hereto.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) The following exhibits are filed as part of this Current Report on
Form 8-K:
EXHIBIT NO. DESCRIPTION
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99 License Agreement between Vical Incorporated and CytRx
Corporation*
* Confidential treatment has been requested with respect to certain portions
of this agreement.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CYTRX CORPORATION
By: /s/ Mark W. Reynolds
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Name: Mark W. Reynolds
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Title: Vice President, Finance
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Dated: December 21, 2001