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Stock impact report

Cellectar stock surges 15% premarket after FDA fast tracks treatment for rare childhood cancer [MarketWatch]

Cellectar Biosciences, Inc. (CLRB) 
Last cellectar biosciences, inc. earnings: 11/12 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cellectar.com
Company Research Source: MarketWatch
Cellectar stock surges 15% premarket after FDA fast tracks treatment for rare childhood cancer Cellectar Biosciences Inc. CLRB, +11.42% said Monday it has received Rare Pediatric Disease Designation from the U.S. Food and Drug Administration for a treatment for a rare kind of cancer in children called osteosarcoma. The treatment, CLR 131, is the company's lead Phospholipid Drug Conjugate(TM) (PDC) product candidate, which delivers radiation directly to cells. "CLR 131 has demonstrated promise as an anticancer agent in preclinical and clinical settings, and we are working now to establish its impact on various rare and deadly pediatric cancers," said John Friend, M.D., chief medical officer of Cellectar. The FDA assigns the RPDD to companies that are developing treatments for diseases that affect children from birth to 18 years old but have fewer than 200,000 patients. Osteosarcoma is caused by bone forming mesenchymal, or connective tissue, cells and is the most commonly diagnosed Show less Read more
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