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Last $2.75 USD
Change Today +0.07 / 2.61%
Volume 4.1K
CLRB On Other Exchanges
As of 8:10 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

cellectar biosciences inc (CLRB) Snapshot

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cellectar biosciences inc (CLRB) Details

Cellectar Biosciences, Inc., a biopharmaceutical company, develops compounds for the treatment, diagnosis, and imaging of cancer. The company’s proprietary product candidates include I-124-CLR1404, a small-molecule, broad-spectrum, and cancer-targeting positron emission tomography (PET) imaging agent that is in Phase II clinical trial for glioblastoma, as well as in Phase I/II clinical trials for approximately 11 solid tumor indications; and CLR1502, a preclinical, cancer-targeted, and non-radioactive optical imaging agent for intraoperative tumor margin illumination and non-invasive tumor imaging. It also develops I-131-CLR1404, a small-molecule, broad-spectrum, and cancer-targeted molecular radiotherapeutic that delivers cytotoxic radiation directly and selectively to cancer cells and cancer stem cells, as well as completed Phase Ib dose-escalation trial for patients with advanced solid tumors. The company was formerly known as Novelos Therapeutics, Inc. and changed its name to Cellectar Biosciences, Inc. in February 2014. Cellectar Biosciences, Inc. was founded in 2002 and is headquartered in Madison, Wisconsin.

cellectar biosciences inc (CLRB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $262.5K
Founder, Chief Scientific Officer and Directo...
Total Annual Compensation: $180.3K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $127.9K
Vice President of Investor Relations, Public ...
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2014.

cellectar biosciences inc (CLRB) Key Developments

Cellectar Biosciences, Inc. Reports Financial Results for the First Quarter Ended March 31, 2015; Provides Update on Clinical Programs

Cellectar Biosciences, Inc. reported financial results for the first quarter ended March 31, 2015. For the quarter, the company reported a net loss of $2.3 million or $0.30 per share versus a net loss of $2.9 million or $1.03 per share for the comparable period in 2014. The company provided clinical development program updates: I-124-CLR1404: After activating five large new centers this year, Cellectar has seen an increase in patient screening and anticipates a significant increase in enrollment in its Phase II trial of I-124-CLR1404 in glioblastoma. However, enrollment remains slower than expected and the company is evaluating potential strategies to leverage existing data from investigator-sponsored studies to modify its ongoing Phase II trial of I-124-CLR1404 in glioblastoma and reduce the time to successful trial completion. Progress in investigator-sponsored clinical trials of I-124-CLR1404, including imaging of 30 patients with various brain cancers, should provide meaningful evidence for the optimal dose and imaging time-point for the use of I-124-CLR1404 in glioblastoma, the primary objective of the on-going company-sponsored Phase II trial in glioblastoma. I-131-CLR1404: In April 2015, Cellectar initiated patient dosing in a proof-of-concept trial of I-131-CLR1404 in patients with relapsed or refractory multiple myeloma, an indication for which I-131-CLR1404 previously received orphan drug designation from the U.S. Food and Drug Administration. Based on data from the company's Phase Ib trial, Cellectar anticipates that evidence of clinical activity will be assessable relatively early in the dose escalation process. Cellectar continues to expect data from this program to be available by year-end 2015. CLR1502: In February 2015, a publication featured on the cover of Neurosurgery, Official Journal of the Congress of Neurological Surgeons - the large neurosurgical society in the world, demonstrated that Cellectar's fluorescent, cancer-selective agents successfully provide visualization of glioma cells with high fidelity, and suggest their practical and promising potential to optimize tumor surgery. During the first quarter of 2015, Cellectar submitted an investigational new drug (IND) application to the FDA to allow for initiation of a Phase I proof-of-concept trial of CLR1502 in breast cancer patients undergoing lumpectomy. The trial is intended to establish the safety and tolerability of CLR1502 while demonstrating its utility in the real-time identification of malignant tissue. Cellectar is currently working with the FDA to determine if CLR1502 should be evaluated as an imaging agent through the Center for Drug Evaluation and Research (CDER) or as a combination product along with an imaging system (light source) through the Center for Devices and Radiological Health (CDRH). Cellectar is working closely with the FDA to resolve this matter and expects to initiate its planned proof-of-concept study in the second half of 2015.

Cellectar Biosciences, Inc. announced delayed 10-Q filing

On 05/18/2015, Cellectar Biosciences, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Cellectar Biosciences, Inc., Q1 2015 Earnings Call, May 21, 2015

Cellectar Biosciences, Inc., Q1 2015 Earnings Call, May 21, 2015


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