Cellectar Biosciences

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Radiopharmaceuticals?
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Expansion
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Drug developers
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Cellectar Biosciences is a late-stage clinical biopharmaceutical company focused on the discovery, development, and commercialization of drugs for treating cancer. The company's core objective revolves around leveraging its proprietary Phospholipid Drug Conjugate (PDC) delivery platform to develop the next generation of cancer cell-targeting treatments. This platform aims to deliver improved efficacy and better safety by minimizing off-target effects.

Cellectar's lead asset is iopofosine I 131, a small-molecule PDC designed to provide targeted delivery of iodine-131, a radioisotope. The company's pipeline also includes proprietary preclinical PDC chemotherapeutic programs and multiple partnered PDC assets. In December 2023, Cellectar revealed its plans to advance universal targeted radiotherapies by harnessing the potential of alpha and beta particles for solid and hematologic malignancies.

Analysts predict Cellectar Biosciences will achieve profitability in 2026, with projected revenue of USD 14 million that year. This follows an expected final loss in 2025, marking a pivotal shift in the company's financial trajectory. To reach this breakeven point, Cellectar is anticipated to maintain an average annual growth rate of 61%, underscoring the confidence analysts have in its prospects.

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Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
3301 Agriculture Drive Madison WI USA
Founded year:
2002
Employees:
11-50
IPO status:
Public
Total funding:
USD 148.5 mn
Last Funding:
USD 103.0 mn (Post IPO Equity; Sep 2023)
Last valuation:
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