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Cellectar Biosciences, Inc. (CLRB) Granted Patent Allowance for CLR 1603

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

Cellectar Biosciences (NASDAQ: CLRB), an oncology-focused clinical stage biotech company, this morning announced that it has received from the U.S. Patent and Trademark Office (“USPTO”) a formal patent allowance for CLR 1603, which covers method of use for the treatment of a variety of solid tumors and associated cancer stem cells using the company’s phospholipid drug conjugate (“PDC”) delivery platform technology with paclitaxel.  The USPTO patent allowance covers method of use for breast, pancreatic, lung, colorectal and prostate cancers.  The company expects the full patent to be granted by the end of 2016. Cellectar earlier this year received patent allowance of the composition of matter patent for the same compound.

To view the full press release, visit: http://nnw.fm/kC6PA

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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