Cellectar Biosciences Inc Stock Price, News & Analysis

Cellectar Biosciences, Inc. (NASDAQ: CLRB) announced the election of Dr. Asher Alban Chanan-Khan to its board of directors as an independent director. Dr. Chanan-Khan brings extensive experience in oncology, notably in hematologic cancers, and will play a critical role in advancing the company's cancer-targeting assets, including CLR 131. The company continues to focus on developing drugs that leverage its Phospholipid Drug Conjugate™ platform, which aims for improved efficacy in cancer treatment.

Cellectar Biosciences, Inc. (CLRB) presented promising results at the ASCO Annual meeting regarding CLR 131, a treatment for relapsed/refractory B-cell hematologic cancers. The Phase 2 CLOVER-1 study revealed a 100% overall response rate in six patients with Waldenstrom's macroglobulinemia, including an 83.3% major response rate and a 16.7% complete response rate. Notably, mean treatment-free remission is 1.1 years, with progression-free survival not yet reached after 18 months for high-risk patients. The ongoing trial aims to enroll 50 WM patients and explore further efficacy and safety outcomes.

Cellectar Biosciences (NASDAQ: CLRB) has announced a virtual poster presentation at the ASCO Annual Meeting from June 4-8, 2021, detailing findings from its Phase 2a study of CLR 131 in Waldenstrom’s macroglobulinemia (WM). The presentation will highlight results from six patients. Management will host a KOL call with Dr. Sikandar Ailawadhi, the lead investigator, on June 4 at 10:00 am. CLR 131 targets cancer cells using the company’s Phospholipid Drug Conjugate (PDC) delivery platform and is part of a pivotal trial aimed at understanding treatment responses in WM patients.

On May 14, 2021, Cellectar Biosciences (NASDAQ: CLRB) announced its participation in the Oppenheimer Rare & Orphan Disease Summit on May 21, 2021. The company will be available for one-on-one meetings and will host an on-demand presentation for registered participants. Cellectar is focused on developing cancer-targeted therapies using its proprietary Phospholipid Drug Conjugate™ delivery platform. The company’s product pipeline includes CLR 131 and other preclinical PDC programs aimed at enhancing treatment efficacy and safety for cancer patients.

Cellectar Biosciences, Inc. (NASDAQ: CLRB) announced a pivotal study initiation of CLR 131 for Waldenstrom’s macroglobulinemia, titled CLOVER-WaM, aiming to enroll 50 patients. The study is aligned with FDA feedback and focuses on a major response rate.

The company received European Orphan Drug Designation for CLR 131, granting 10 years of market exclusivity. As of March 31, 2021, Cellectar holds approximately $54 million in cash, supporting operations into Q3 2023. Q1 net loss increased to $6.4 million, or $0.13 per share, compared to a loss of $4.0 million, or $0.42 per share, last year.

Cellectar Biosciences (NASDAQ: CLRB) announced the grant of a new patent titled "Phospholipid-Ether Analogs as Cancer-Targeting Drug Vehicles" by patent authorities in Eurasia, Australia, and Mexico. This patent provides protection for their phospholipid-ether (PLE) analogs used in combination with various small molecule chemotherapies. CEO James Caruso highlighted the patent's role in enhancing their phospholipid drug conjugate (PDC) platform, aimed at improving drug efficacy and safety in cancer treatment. Their lead candidate, CLR 131, is in pivotal clinical studies for hematologic cancers.

On March 11, 2021, Cellectar Biosciences (NASDAQ: CLRB) announced that its CEO, James Caruso, will present at two upcoming conferences. The Oppenheimer 31st Annual Healthcare Conference is scheduled for March 16, 2021, at 8:00 am ET, with opportunities for 1x1 meetings. The Maxim Group 2021 Emerging Growth Virtual Conference takes place from March 17-19, 2021. Cellectar focuses on cancer treatment drug development, particularly through its Phospholipid Drug Conjugate™ platform.

Cellectar Biosciences (NASDAQ: CLRB) announced on March 9, 2021, that the Japan Patent Office granted patent number 6832861 for its phospholipid-ether (PLE) analogs, enhancing its intellectual property portfolio. This patent secures composition of matter and use for these analogs in combination with various small molecule chemotherapeutics, bolstering their Phospholipid Drug Conjugates™ (PDCs™) franchise. Lead candidate CLR 131 continues to progress in clinical studies for both adult and pediatric cancer indications.

Cellectar Biosciences (NASDAQ: CLRB) announced participation in upcoming conferences for 1x1 meetings. The H.C. Wainwright Global Life Sciences Conference will take place on March 9-10, 2021, and the Roth Capital Partners 33rd Annual Conference from March 15-17, 2021. Interested parties can schedule meetings through provided links. Cellectar focuses on developing cancer-targeting drugs using its Phospholipid Drug Conjugate™ (PDC) platform, including its lead product CLR 131, currently in pivotal trials for various cancers.