21 May Cellectar Expands Third Cohort of its Phase 2 CLOVER-1 Study of CLR 131
FLORHAM PARK, N.J., May 21, 2019 (GLOBE NEWSWIRE) — Cellectar Biosciences, Inc. (NASDAQ: CLRB), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of drugs for the treatment of cancer, today announced that initial results from the third cohort of its ongoing Phase 2 CLOVER-1 study of CLR 131 have exceeded its pre-specified performance criteria. As a result, the Company will expand the number of chronic lymphocytic leukemia/small lymphocytic lymphoma (CLL/SLL), lymphoplasmacytic lymphoma (LPL) and marginal zone lymphoma (MZL) patients it will enroll in the cohort. The company continues to expect to report top-line data from the Phase 2 CLOVER-1 study in 2019.
“Initial results from our Phase 2 CLOVER-1 study have been very encouraging and we are excited to be able to expand patient enrollment,” stated James Caruso, president and chief executive officer of Cellectar Biosciences. “With the proceeds from the recently announced financing, we now have a cash runway through the conclusion of 2020, allowing us to deliver key anticipated milestones for CLR 131 in three ongoing clinical trials, including the conclusion of and top-line data from our ongoing Phase 2 CLOVER-1 trial in relapse/refractory select B-Cell malignancies, our ongoing Phase 1 dose-escalating trial in relapsed/refractory multiple myeloma, and our recently initiated Phase 1 dose-escalating trial in children and adolescents with select solid tumors, lymphoma, and malignant brain tumors.”
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