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Cellectar Biosciences (CLRB) Reports Positive Data from Phase 1 Orphan Drug Study, Moves to Dose Escalation

Company: Cellectar Biosciences, Inc. (CLRB)
Category: News

Oncology-focused biotech Cellectar Biosciences (NASDAQ: CLRB) reports an “outstanding safety profile” from the second cohort of patients enrolled in its orphan-drug designated phase I study of CLR 131 in patients with relapsed or refractory multiple myeloma. Based on these positive results, the study’s Data Monitoring Committee approved patient enrollment to the third cohort, which will include a 33% dose increase from the previous cohort. In the multi-center, open label phase I dose escalation study, CLR 131 is administered as a single dose, 30-minute infusion. The primary study objective is to characterize the safety and tolerability of CLR 131 in patients with relapsed or refractory multiple myeloma.

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About Cellectar Biosciences, Inc.

Cellectar Biosciences is developing phospholipid drug conjugates (PDCs) designed to provide cancer targeted delivery of diverse oncologic payloads to a broad range of cancers and cancer stem cells. Cellectar’s PDC platform is based on the company’s proprietary phospholipid ether analogs. These novel small-molecules have demonstrated highly selective uptake and retention in a broad range of cancers. Cellectar’s PDC pipeline includes product candidates for cancer therapy and cancer diagnostic imaging. The company’s lead therapeutic PDC, CLR 131, utilizes iodine-131, a cytotoxic radioisotope, as its payload. CLR 131 is currently being evaluated under an orphan drug designated Phase I clinical study in patients with relapsed or refractory multiple myeloma. The company is also developing PDCs for targeted delivery of chemotherapeutics such as paclitaxel (CLR 1602-PTX), a preclinical stage product candidate, and plans to expand its PDC chemotherapeutic pipeline through both in-house and collaborative R&D efforts. For additional information please visit www.cellectar.com

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