Cellectar Biosciences Inc - Company Profile
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Cellectar Biosciences Inc (Cellectar) is a clinical-stage pharmaceutical company that develops drugs for the diagnosis and treatment of cancer. The company’s proprietary technology platform, Lead Product: CLR 131, and R&D are its major strengths while operating losses remains as an area of concern. Nevertheless, it could find opportunities from the growing incidence of cancer, strong pipeline products, and Orphan drug designation and fast track designation to CLR 131. However, uncertain R&D outcomes, intense competition and government regulations could adversely affect its business and financial performance.
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