Cellectar Biosciences has announced impressive trial results for iopofosine I 131, reporting an 83.6% response rate. The company’s plans for a confirmatory study and potential FDA approval could drive further stock momentum and uplift investor confidence.
Cellectar updates clinical programs for its cancer treatment platform. FDA communications indicate possible accelerated approval for iopofosine I 131. Focus will shift to promising assets like CLR 121225 and CLR 121125. Company to reduce headcount by 60% to extend cash runway. Current stock price down 73.40% at $0.34 post-update.