Welcome to our dedicated page for Cellectar Biosciences NEW news (Ticker: CLRB), a resource for investors and traders seeking the latest updates and insights on Cellectar Biosciences NEW stock.
Cellectar Biosciences Inc. (symbol: CLRB) is a clinical-stage biopharmaceutical company dedicated to the discovery, development, and commercialization of innovative drugs aimed at treating cancer. The company's core focus is leveraging its proprietary Phospholipid Drug Conjugate (PDC) delivery platform, which is designed to target cancer cells specifically, thereby enhancing efficacy and reducing off-target effects.
Cellectar's PDC platform is founded on proprietary phospholipid ether analogs, small molecules known for their selective uptake and retention in various cancers. This technology underpins the company's product pipeline, which includes both therapeutic and diagnostic agents for oncology. The lead therapeutic candidate, CLR 131, utilizes the cytotoxic radioisotope iodine-131 as its payload. CLR 131 has received orphan drug designation from the US FDA and is currently being evaluated in a Phase 1 clinical study for relapsed or refractory multiple myeloma and a Phase 2 clinical study for a range of B-cell malignancies.
In addition to CLR 131, Cellectar is working on developing proprietary PDCs for targeted chemotherapeutic delivery, with several candidates in preclinical stages. The company actively collaborates with research and development partners to expand its PDC platform's applications.
Financially, Cellectar maintains a robust pipeline and continues to secure funding for its clinical and preclinical programs. The company’s innovative approach and partnerships highlight its significant role in the biopharmaceutical landscape.
For more detailed and latest updates, please visit Cellectar’s official website or follow their social media channels.
Cellectar Biosciences (NASDAQ: CLRB) has received a delinquency notification from Nasdaq due to a delay in filing its Q2 2024 10-Q report. The delay is caused by the need to restate previously filed financial statements following a re-evaluation of accounting treatment for warrants issued in October 2022. The restatement affects audited financials for 2022-2023 and unaudited quarterly reports from Q1 2023 to Q1 2024.
Cellectar has until October 21, 2024, to submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant an extension until February 17, 2025. The company expects to complete the restatement process in about six weeks, after which it will file the Q2 2024 10-Q. The notice does not currently affect Cellectar's Nasdaq Capital Market listing.
Cellectar Biosciences (NASDAQ: CLRB) reported Q2 2024 financial results and provided a corporate update. Key highlights include:
1. Final data from the CLOVER WaM pivotal study for iopofosine I 131 in Waldenstrom's macroglobulinemia exceeded the primary endpoint with an 80% overall response rate and 56.4% major response rate.
2. The company plans to file a New Drug Application (NDA) for WM in Q4 2024, anticipating a potential launch in 2025.
3. A strategic partnership with City of Hope Cancer Center was announced to evaluate iopofosine I 131 in mycosis fungoides.
4. As of June 30, 2024, cash and cash equivalents were $25.9 million, with an additional $19.4 million raised in July, funding operations into Q2 2025.
5. R&D expenses increased to $8.2 million, and G&A expenses rose to $6.4 million in Q2 2024 compared to the same period in 2023.
Cellectar Biosciences (NASDAQ: CLRB), a late-stage clinical biopharmaceutical company focused on cancer treatment, has announced it will provide a corporate update for Q2 2024 on Tuesday, August 13, 2024. The company will host a conference call and webcast at 8:30 am Eastern Time to discuss financial results and provide an overview. Investors can join the call toll-free at 1-800-717-1738, and a webcast link is available. A replay of the call will be accessible on the Events section of Cellectar's investor relations website.
Cellectar Biosciences (NASDAQ: CLRB), a late-stage clinical biopharmaceutical company focused on cancer treatment, has announced it will provide a corporate update for Q2 2024 on Tuesday, August 13, 2024. The update will cover the three months ended June 30, 2024. Management will host a conference call and webcast at 8:30 am Eastern Time to discuss financial results and provide an overview. Investors can join the call toll-free at 1-800-717-1738. A replay of the call will be available on the company's investor relations website.
Cellectar Biosciences (NASDAQ: CLRB) announced positive results from its CLOVER WaM pivotal study evaluating iopofosine I 131 for relapsed/refractory Waldenstrom's macroglobulinemia (WM). The study achieved an 80% overall response rate and a 56.4% major response rate, exceeding the primary endpoint of 20%. Notably, 78% of major response patients remained progression-free at 18 months.
The study included heavily pretreated patients, with 27% refractory to all available therapies and 40% dual-class refractory. Iopofosine I 131 demonstrated efficacy across challenging subgroups and was well-tolerated. Cellectar plans to submit an NDA in Q4 2024, seeking priority review.
Cellectar Biosciences (NASDAQ: CLRB) announced the exercise of Tranche B warrants and purchase of new warrants, generating approximately $19.4 million in gross proceeds. The transaction, led by Rosalind Advisors, includes new warrants with potential to raise up to an additional $73.3 million. The new warrants are structured in three tranches (A, B, and C) with exercise prices of $2.52, $4.00, and $5.50 per share, respectively.
The company plans to file an NDA for iopofosine I 131 to treat Waldenstrom's macroglobulinemia in Q4 2024, seeking priority review. Funds from the warrant exercises are expected to support Cellectar's path to commercialization. The company will file a resale registration statement for the new warrants within 30 days.
Cellectar Biosciences (NASDAQ: CLRB), a clinical biopharmaceutical company, will host a key opinion leader event on July 24, 2024, at 8:00 a.m. EDT. This event will cover the latest data from the CLOVER WaM pivotal trial of iopofosine I 131 for Waldenstrom’s macroglobulinemia. The company aims to offer a comprehensive review of the trial's results, current treatment landscape, unmet patient needs, and potential improvements in patient outcomes. The event will feature insights from both company leaders and key study investigators. A replay of the conference call will be available on the company's investor relations website.
Cellectar Biosciences (NASDAQ: CLRB) has formed a strategic partnership with City of Hope Cancer Center to evaluate the efficacy of its lead drug, iopofosine I 131, in treating mycosis fungoides (MF), a rare form of non-Hodgkin's lymphoma (NHL). This collaboration aims to initiate trials with around 10 patients by late 2024 or early 2025. Iopofosine I 131, the first systemic targeted radiotherapeutic for cutaneous T-cell lymphomas (CTCL), may provide advantages over conventional treatments by targeting tumor cells beyond the skin. Cellectar is set to submit a New Drug Application (NDA) to the FDA in late 2024 based on its CLOVER WaM pivotal study results in Waldenstrom's macroglobulinemia (WM).
Cellectar Biosciences (NASDAQ: CLRB) reported its Q1 2024 financial results and shared a corporate update. Key highlights include positive topline data from the CLOVER WaM pivotal study for iopofosine I 131 in Waldenstrom’s macroglobulinemia, which met its primary endpoint with a major response rate of 61% and an overall response rate of 75.6%. Further data for all evaluable patients will be announced in June 2024. The company also reported a complete remission rate of 64% in a Phase I study of iopofosine in recurrent head and neck cancer. Financially, the company had $40 million in cash as of March 31, 2024, with a net loss of $21.6 million for the quarter. R&D expenses increased to $7.4 million, while G&A expenses rose to $4.6 million, contributing to the loss.
Cellectar Biosciences, Inc. (NASDAQ: CLRB) will present at the Guggenheim Healthcare Talks Radiopharmaceuticals Day in New York City on May 13, 2024. Jarrod Longcor, the company's COO, will provide an overview of Cellectar in a fireside chat.
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