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CLRB - Cellectar Biosciences, Inc. ()

Overview

Company Summary


Cellectar Biosciences, Inc. (CLRB) is a biopharmaceutical company primarily focused on developing innovative and targeted therapies for the treatment of cancer. The company specializes in the discovery, development, and commercialization of proprietary drugs that utilize phospholipid drug conjugates (PDCs) and phospholipid ether analogs (PLEs) to specifically target cancer cells.

One of Cellectar Biosciences' key areas of expertise is in the field of radiotherapeutics. Radiotherapeutics are drugs that combine a radioactive isotope with a PDC to enable targeted radiation therapy of cancer cells while minimizing damage to healthy tissues. This approach can potentially enhance the effectiveness of radiation therapy and improve patient outcomes.

Cellectar Biosciences is currently focusing on the development of its lead product candidate, CLR 131. CLR 131 is a radiotherapeutic PDC that targets cancerous cells expressing high levels of specific receptors known as glycoprotein non-metastatic melanoma protein B (gpNMB). It has demonstrated promising results in various preclinical and clinical studies, particularly for the treatment of multiple myeloma and certain types of lymphomas.

In addition to CLR 131, Cellectar Biosciences is also engaged in the exploration and development of other PDC-based therapeutic candidates targeting different types of cancer. These potential treatments could address unmet medical needs in areas such as solid tumors, hematologic malignancies, and pediatric cancers.

Overall, Cellectar Biosciences aims to leverage its innovative drug conjugate platform to develop targeted therapies that have the potential to improve patient outcomes, reduce side effects, and provide more effective treatment options for individuals with various types of cancer.

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