Cellectar Biosciences INC NEW - CLRB STOCK NEWS

Cellectar Biosciences (NASDAQ: CLRB) reported a promising 40% overall response rate (ORR) in triple class refractory multiple myeloma patients during its CLOVER-1 study. This rate was observed in a subset of heavily pre-treated patients (6 out of 15) receiving 60 mCi or more of CLR 131. The study suggests that CLR 131 may offer a significant treatment option, with no unexpected adverse events reported and generally well-tolerated. Additionally, the company secured approximately $2 million in non-dilutive funding from the National Cancer Institute to support the study.

Cellectar Biosciences (CLRB) announced promising interim results from its Phase 2a CLOVER-1 study for CLR 131, highlighting a 100% overall response rate in patients with relapsed or refractory lymphoplasmacytic lymphoma (LPL) and Waldenstrom's macroglobulinemia (WM). Key findings include a 75% major response rate and a median duration of response exceeding 17 months. No significant adverse events were reported, suggesting CLR 131 could be a vital treatment option. The FDA has granted Fast Track Designation for CLR 131, and the company plans to initiate a pivotal study in Q4 2020.

Cellectar Biosciences (NASDAQ: CLRB) announced a poster presentation for its drug candidate, CLR 131, at the virtual AACR annual meeting from August 17-19, 2020. The presentation highlights CLR 131's 100% overall response rate in a Phase 2 study for relapsed or refractory lymphoplasmacytic lymphoma/Waldenstrom’s macroglobulinemia. CLR 131 is designed for targeted delivery of iodine-131 directly to cancer cells. The Phase 2 CLOVER-1 study is currently enrolling patients and aims to evaluate treatment efficacy in various B-cell cancers.

Cellectar Biosciences (NASDAQ: CLRB) announced the European Patent Office's intent to grant patent EP3229810 for its proprietary phospholipid ether (PLE) drug delivery system. This patent offers protection for PLE analogs in combination with chemotherapeutics like paclitaxel and gemcitabine and supports the development of CLR 131, Cellectar's lead candidate for treating various cancers. CEO James Caruso emphasized this patent as a pivotal step in expanding their market presence and enhancing drug delivery efficiency. CLR 131 is currently in clinical studies targeting multiple myeloma and pediatric cancers.

Cellectar Biosciences (Nasdaq: CLRB) has successfully closed its underwritten public offering, raising $20.0 million in gross proceeds. The offering consisted of 14,601,628 shares of common stock and Series H Warrants for 8,695,664 shares, priced at $1.15 per share. Additionally, 2,789,700 pre-funded warrants were issued to avoid exceeding beneficial ownership thresholds. Funds will support the development of the company’s cancer-targeting drugs, including the CLR 131 therapeutic currently in clinical trials.

Cellectar Biosciences (NASDAQ: CLRB) has announced a public offering priced at $1.15 per share, aiming to raise $20 million in gross proceeds. This offering includes common stock and Series H Warrants, with each whole warrant exercisable at $1.21 per share. Pre-funded warrants will also be available for certain buyers to prevent exceeding a 4.99% ownership threshold. The transaction is expected to close on or around June 5, 2020. Proceeds will support Cellectar's cancer treatment portfolio, including ongoing clinical trials for its lead product, CLR 131.

Cellectar Biosciences, Inc. (NASDAQ: CLRB) has been granted Small and Medium-Sized Enterprise (SME) status by the European Medicines Agency (EMA). This status enables the company to benefit from significant financial incentives, including up to 100% fee reductions for EMA services related to drug development and regulatory processes. The SME status supports Cellectar in pursuing EU marketing authorization for its lead drug, CLR 131, more efficiently and cost-effectively. The company is advancing CLR 131 through clinical studies aimed at treating various cancers.

Cellectar Biosciences, Inc. (NASDAQ: CLRB) announced that the FDA has granted Fast Track Designation for CLR 131, aimed at treating lymphoplasmacytic lymphoma (LPL) and Waldenstrom’s macroglobulinemia (WM) in patients with two or more prior treatments. CLR 131 is designed to deliver radiotherapy directly to cancer cells. In the ongoing CLOVER-1 Phase 2 study, all four LPL/WM patients showed a 100% overall response rate. The company also holds Orphan Drug Designation for CLR 131 in LPL, enhancing FDA engagement for regulatory approval.

Cellectar Biosciences (NASDAQ: CLRB) announced the European Patent Office granted patent EP 2440253, offering protection for the treatment and diagnosis of cancer using their lead asset CLR 131 and proprietary PLE analogs. CLR 131 effectively targets resistant cancer stem cells, providing a unique treatment benefit. The patent strengthens Cellectar's intellectual property in the second-largest global market, enhancing their oncology product portfolio. CLR 131 is currently in Phase 2 studies for B-cell lymphomas and has received Fast Track and Orphan Drug Designations from the FDA.