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$2.46
-1.99%
2026-09-01 16:00:00 EDT-$0.05
Healthcare
Biotechnology
NASDAQ
Active Trading

Cellectar Biosciences is a biopharmaceutical firm engaged in the research, development, and market introduction of therapeutic agents to combat cancer. The company's ...

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$2.46
-1.99%-$0.05
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52W High-62.3%
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VolumeSMA5SMA10
Cellectar Biosciences, Inc. (NASDAQ: CLRB) is a late-stage clinical biopharmaceutical company headquartered in Florham Park, New Jersey. The company’s core purpose is to improve cancer treatment precision by delivering therapeutic payloads directly to tumors while aiming to reduce harm to healthy tissue. Cellectar’s approach centers on its Phospholipid Drug Conjugate ...Cellectar Biosciences, Inc. (NASDAQ: CLRB) is a late-stage clinical biopharmaceutical company headquartered in Florham Park, New Jersey. The company’s core purpose is to improve cancer treatment precision by delivering therapeutic payloads directly to tumors while aiming to reduce harm to healthy tissue. Cellectar’s approach centers on its Phospholipid Drug Conjugate (PDC) platform, which is designed to enable targeted delivery and to support a pipeline of oncology assets. Business and product focus: The most prominent product candidate is CLR 131 (iopofosine I-131), a PDC-based radiotherapeutic/therapeutic program. Based on the provided company description, CLR 131 is being evaluated in multiple clinical contexts. The asset is in Phase 2 for patients with relapsed or refractory (r/r) Waldenstrom’s macroglobulinemia and B-cell malignancies. The company also reports Phase 2B work in relapsed/refractory multiple myeloma (MM), and Phase 1 investigations spanning a range of pediatric cancers, relapsed/refractory head and neck cancers, and additional relapsed/refractory MM cohorts. Pipeline expansion and R&D direction: Beyond CLR 131, Cellectar is advancing CLR 1900, another PDC-based chemotherapeutic program, which (per the provided overview) is in preclinical development with the aim of treating solid tumors. This demonstrates a strategy of building a repeatable platform approach where new PDC programs can be developed off the company’s chemistry/targeting concepts. Collaborations and platform validation: Cellectar also participates in collaborative PDC development initiatives with partners including Avicenna Oncology GmbH, Orano Med, IntoCell Inc., and LegoChemBio. These collaborations typically support diversification of indications and may help broaden the platform’s external validation while sharing certain development costs or responsibilities—an important consideration for small clinical-stage biotechs. Cost and business model context: As a clinical-stage biopharmaceutical company with a small workforce (11 full-time employees reported), Cellectar’s operating profile is likely characterized by significant research and development spend related to clinical trials, manufacturing, and regulatory activities, with revenues commonly dependent on future commercialization rather than current product sales. The provided financial/valuation snapshot indicates negative profitability measures (e.g., negative return on assets/equity and negative free cash flow figures in the snapshot), which is consistent with a biotech focused on advancing oncology candidates through clinical milestones. Key people and leadership: James V. Caruso serves as President, Chief Executive Officer, and a Director (appointed June 2015 per the provided management notes). Leadership continuity is relevant for navigating long-duration clinical development timelines and financing needs that are typical in oncology drug development. Overall, Cellectar’s “platform-to-pipeline” strategy is to leverage its PDC technology to develop targeted cancer therapies across multiple hematologic and solid tumor settings, using CLR 131 as the lead clinical driver while progressing additional programs (e.g., CLR 1900) and partnering to extend the platform’s reach.
Founded
2002
Employees
11
CEO
James V. Caruso
Full Name
Cellectar Biosciences, Inc.
Sector
Healthcare
Industry
Biotechnology
ROE
-165.71%
Market Cap
$0.02B
Current Ratio
6.66
WACC
6.98%
ROIC
-71.14%

Contact Information

608 441 8120
100 Campus Drive, Florham Park, NJ 07932

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