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Stock impact report

Cellectar teams up with Orano Med to develop new cancer therapy [Seeking Alpha]

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: Seeking Alpha
Cellectar Biosciences ( CLRB ) will collaborate with Orano Med (formerly AREVA Med) to develop a new phospholipid-drug conjugate (PDC) for the treatment of cancer. The PDC will consist of Orano's radioisotope lead-212 conjugated to Cellectar's phospholipid ether. Lead-212 is an alpha emitter which delivers higher energy over a shorter distance than other radioisotopes. The higher energy from alpha particles causes non-repairable DNA damage which kills cancer cells and may provide greater efficacy at lower doses with less side effects. The companies intend to evaluate the candidate in up to three cancer types. Under the terms of the partnership, early preclinical costs will be equally shared. Either party will have the option to advance and commercialize the PDC alone or in collaboration with the other. The option is exercisable after early proof-of-concept data. Click to subscribe to real-time analytics on CLRB Now read: Does Tesaro Really Deserve The Beatdo Show less Read more
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