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Drugs & Targets

Cellectar Biosciences Inc. receives second-phase of NCI SBIR award

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Cellectar Biosciences Inc. received the second phase of an NCI Fast-Track Small Business Innovation Research contract award of $2 million to support funding of a phase II study of the company’s lead product candidate, CLR 131, for the potential treatment of hematologic malignancies, including multiple myeloma.

The award will help fund a multi-center, open label study. The first phase of the NCI SBIR contract was focused on the pre-clinical development of CLR 125.

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