Name | Value |
---|---|
Revenues | 0.0M |
Cost of Revenue | 0.1M |
Gross Profit | -0.1M |
Operating Expense | 11.9M |
Operating I/L | -12.0M |
Other Income/Expense | -9.6M |
Interest Income | 0.3M |
Pretax | -21.6M |
Income Tax Expense | 0.0M |
Net Income/Loss | -21.6M |
Cellectar Biosciences, Inc. is a clinical biopharmaceutical company specializing in the discovery, development, and commercialization of drugs for cancer treatment. The company's lead product is CLR 131, a phospholipid drug conjugate (PDC) candidate currently in Phase 2 clinical studies for various cancers, including Waldenstrom's macroglobulinemia, multiple myeloma, pediatric cancers, and head and neck cancers. Additionally, Cellectar Biosciences is developing CLR 1900, a PDC chemotherapeutic program for solid tumors, and has collaborative PDC programs with several partners. The company generates revenue through the development and commercialization of its drug candidates for cancer therapy.