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Cellectar Presents Data in Waldenstrom’s Macroglobulinemia in Poster at the 2021 American Society of Clinical Oncology (ASCO) Annual Meeting
June 04, 2021 09:00 ET| Source: Cellectar Biosciences
Mean treatment free remission 1.1 years and remains ongoing
Progression free survival for MYD88 wild type and high-risk patients 18 months and ongoing
FLORHAM PARK, N.J., June 04, 2021 (GLOBE NEWSWIRE) -- Cellectar Biosciences, Inc. (NASDAQ: CLRB), a late-stage clinical biopharmaceutical company focused on the discovery and development of drugs for the treatment of cancer, today presented a poster at the American Society of Clinical Oncology (ASCO) Annual meeting. In conjunction with the poster presentation, management will host a KOL call with the lead investigator for the company’s Phase 2 CLOVER-1 study of CLR 131 in patients with relapsed/refractory B-cell hematologic cancers, Dr. Sikander Ailawadhi, M.D. of the Mayo Clinic.
The poster presentation entitled: Treatment Free Remission (TFR) and Overall Response Rate (ORR) Results in Patients with Relapsed/Refractory Waldenstrom’s Macroglobulinemia (WM) Treated with CLR 131 is an in-depth update of six patients from the company’s Phase 2a study of CLR 131 in Waldenstrom’s macroglobulinemia. To date, data have shown:
100% (6/6) overall response rate, 83.3% (5/6) major response rate and a 16.7% (1/6) complete response rate
Median time to initial response was 22 days after first infusion
Median time to major response, as defined as at least a 50% reduction in IgM, was 44 days after first infusion
Mean treatment free remission, as defined as the time from the last CLR 131 infusion to progression of disease, is 1.1 years and remains ongoing
Duration of response has not been reached, with 100% of the MYD88 wild type and high risk patients exceeding 8.5 months
Progression free survival (PFS) for both MYD88 wild type patients as well as the high-risk subgroup has not been reached after 18 months; PFS for multidrug refractory patients was 11 months
The most frequently reported treatment emergent adverse events were cytopenias
“CLR 131 is a differentiated targeted radiotherapy that has the potential to address patients with any mutational status, risk profile or multi-drug refractoriness in WM. Our pivotal study strategy will leverage these properties to address the treatment needs of patients, including the potential to provide durable response rates and meaningful treatment-free remission,” said Dr. John Friend, chief medical officer at Cellectar. “CLR 131 has demonstrated impressive results including, to our knowledge, the only monotherapy to result in a complete response in this challenging WM patient set.”
James Caruso, president and CEO of Cellectar added, “The data presented today from our ongoing Phase 2 CLOVER-1 study of CLR 131 in Waldenstrom’s further validates our clinical development program and gives us confidence in our goal of providing a new and better treatment with the potential to prolong and improve the quality of life for patients suffering from this devastating disease.”
Management will host a conference call and webcast today, June 4, at 10:00 am ET featuring key opinion leader Dr. Sikander Ailawadhi. Dr. Ailawadhi is a Professor of Medicine, Lead, International Cancer Center, Division of Hematology/Oncology, Departments of Medicine and Cancer Biology at Mayo Clinic Florida. He was awarded the 2013 NCI Cancer Clinical Investigator Team Leadership Award as an Assistant Professor of Medicine at the USC Norris Comprehensive Cancer Center. Subsequently, he joined the Division of Hematology and Oncology at Mayo Clinic in Florida as a Senior Consultant in order pursue his career goal of clinical, translational and outcomes-based research in B-cell malignancies.
Dial-in & Webcast informationDomestic: 877-705-6003International: 201-493-6725Conference ID: 13719983Webcast: http://public.viavid.com/index.php?id=145036
A replay of the call will be available on the Events page of company website following the live event.
About the Pivotal Trial of CLR 131 in Waldenstrom’s macroglobulinemia (WM)
The pivotal trial is designed as a global, non-comparator, single arm, expansion cohort of the currently ongoing Phase 2 CLOVER-1 study of CLR 131. The study will enroll 50 WM patients. Patients in the trial will receive up to four doses of CLR 131 over two cycles (cycle one days 1, 15, and cycle two days 57, 71). The primary endpoint of the trial is response rate as defined as a partial response (a minimum of a 50% reduction in the biological marker IgM) or better in patients that receive a minimum total body dose of 60 mCi with secondary endpoints of treatment free survival, duration of response and progression free survival. An independent data monitoring committee (iDMC) will perform an interim safety and futility evaluation on the first 10 patients enrolled. The assessment will occur patient by patient and will conclude after the tenth patient is evaluated; there is no planned study stoppage.
About Waldenstrom’s macroglobulinemia
Waldenstrom’s macroglobulinemia (WM) is a rare and incurable disease defined by specific genotypic subtypes that defines patient responses and long-term outcomes. The annual incidence is 6,500 with prevalence of approximately 60,000 patients globally. WM is a lymphoma, or cancer of the lymphatic system. The disease occurs in a type of white blood cell called a B-lymphocyte or B-cell, which normally matures into a plasma cell whose job is to manufacture immunoglobulins (antibodies) to help the body fight infection. In WM, there is a malignant change to the B-cell in the late stages of maturing, and it continues to proliferate into a clone of identical cells, primarily in the bone marrow but also in the lymph nodes and other tissues and organs of the lymphatic system. These clonal cells over-produce an antibody of a specific class called IgM.
WM cells have characteristics of both cancerous B-lymphocytes (NHL) and plasma cells (multiple myeloma), and they are called lymphoplasmacytic cells. For that reason, WM is classified as a type of non-Hodgkin’s lymphoma called lymphoplasmacytic lymphoma (LPL). About 95% of LPL cases are WM; the remaining 5% do not secrete IgM and consequently are not classified as WM.
There is no standard treatment for WM. Several drugs have demonstrated activity either alone or in combinations, but only a single drug has received regulatory approval. Treatment is mainly focused on the control of symptoms and the prevention of organ damage. Front-line treatments for WM include rituximab alone or in combination with other agents. In the salvage therapy (second line or later) setting, ibrutinib, combinations of proteosome inhibitors and immunomodulatory drugs and stem cell transplantation are considered. Ibrutinib is the only drug to receive regulatory approval (2015) as a salvage therapy; in late 2019, it was approved for front-line treatment in combination with rituximab. Factors such as long-term cytopenias, age, hyper viscosity, the need for quick disease control, lymphadenopathy, co-morbidities, and IgM-related end-organ damage are key consideration in the choice of treatment.
About Cellectar Biosciences, Inc.
Cellectar Biosciences is focused on the discovery and development of drugs for the treatment of cancer. The company is developing proprietary drugs independently and through research and development collaborations. The company’s core objective is to leverage its proprietary Phospholipid Drug Conjugate™ (PDC) delivery platform to develop PDCs that specifically target cancer cells, delivering improved efficacy and better safety as a result of fewer off-target effects. The company’s PDC platform possesses the potential for the discovery and development of the next-generation of cancer-targeting treatments, and it plans to develop PDCs independently and through research and development collaborations.
The company’s product pipeline includes CLR 131, a small-molecule PDC designed to provide targeted delivery of iodine-131 (radioisotope), and proprietary preclinical PDC chemotherapeutic programs and multiple partnered PDC assets.
For more information, please visit www.cellectar.com or join the conversation by liking and following us on the company’s social media channels: Twitter, LinkedIn, and Facebook.
Forward-Looking Statement Disclaimer
This news release contains forward-looking statements. You can identify these statements by our use of words such as "may," "expect," "believe," "anticipate," "intend," "could," "estimate," "continue," "plans," or their negatives or cognates. These statements are only estimates and predictions and are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes including our expectations of the impact of the COVID-19 pandemic. Drug discovery and development involve a high degree of risk. Factors that might cause such a material difference include, among others, uncertainties related to the ability to raise additional capital, uncertainties related to any potential disruptions at our sole source supplier of CLR 131, the ability to attract and retain partners for our technologies, the identification of lead compounds, the successful preclinical development thereof, patient enrollment and the completion of clinical studies, the FDA review process and other government regulation, our ability to maintain orphan drug designation in the United States for CLR 131, the volatile market for priority review vouchers, our pharmaceutical collaborators' ability to successfully develop and commercialize drug candidates, competition from other pharmaceutical companies, product pricing and third-party reimbursement. A complete description of risks and uncertainties related to our business is contained in our periodic reports filed with the Securities and Exchange Commission including our Form 10-K for the year ended December 31, 2020. These forward-looking statements are made only as of the date hereof, and we disclaim any obligation to update any such forward-looking statements.
Contacts
Investors:
Monique Kosse
Managing Director
LifeSci Advisors
212-915-3820
Cellectar Biosciences EPS beats by $0.03
Source: Seeking Alpha
To read the full story on Seeking Alpha, click here.
Cellectar Biosciences EPS beats by $0.03
Source: Seeking Alpha
To read the full story on Seeking Alpha, click here.
why gamble with your dough-this company does nothing but make up fake reports and never makes two cents except from investors money>LOL! Be my guest lose enough then you will learn-its a tolet for your dough -nothing else.
Crusader, the strike price on the CLRBZ warrants is 30.40 per share.
We are a long way away from that at 1.70...
Do you really think we can pick up almost 29 points in a week?
Like they say at the state lotto:
You can’t win if you don’t play!
Best of luck to you!
Maybe there is good “ORR” NEWS COMING OUT OF THE CLINICAL TRIALS ON MULTIPLE MYELOMA.
PS:
CLRBZ warrants that expire in 8 days were up About 16% this afternoon. Interesting!
Maybe some insider wants hundred of thousands of warrants to convert into common shares in 7 days?
I know nothing about the rights or warrants unfortunately. Maybe it's a crap shoot just in case...........
I just decided to take a shot on the common, although after reading your post, not so sure that it was a good idea....
Best of luck to you and thank you.
Splintered:
I see little near term hope for common shares short of huge positive news on CLR130 clinical trials, Phase 2.
Those trials, and their results, should not take so long in that the one or two one hour infusions at a couple of dosing levels can be quickly analyzed, considering the very short half life of radioactive iodine and the immediate effect of it on various cancer cells.
No, the company knows what the results are by now, and I cannot think of any reason the keep the results secret, unless there are plans to sell the company to big Pharma suitor.
The recent decision to dilute with many more shares and raise capital does not support any M&A possibilities. OCICBW
BUT, I really wonder why the old CLRBZ warrants are holding at the high twenty cent level instead of at five cents like much of last year. CLRBZ warrants expire worthless on 4/8/21, right?. What’s up with that at this point?
Why would someone be acquiring hundreds of thousands of these warrants now???
Just bought some of the common - any hope?
Just bought some of the common - any hope?
Good luck Jakkelp!
I hope you recover losses from December to date on this stock/company.
I got out of my CLRBZ warrants by a fat thumb trade a few weeks ago where someone place a buy order 500% above the market price.
That leaves a thousand CLRB shares to dump. This company and it alleged products/technology has been a big disappointment for years.
I now think if the CLR was going to work well, it would have proven itself by NOW.
The special shareholder meeting at the end of this month with DILUTION becoming official will be the mail in the coffin.
Sunofwolf was right, this company is run for the employees pay, not shareholders and potential patients, OCICBW! Just an opinion based on superficial observations!
Ronjon41:
This biotech stock has been a sleeper for a few years now, holding my money in a lock box. “Dead money”, as Cramer would call it. Since it’s potential products are still all in clinical trial stages, it’s price performance is understandable. Management has not monetized the intellectual property nor helped many patients.
BUT THIS IS CHANGING, NOW!
How do I know this?
Research CLRB’s warrants, trading under the symbol CLRBZ!
I had 10’s of thousands of these warrants in two accounts, with a basis of a few cents. These warrants expire worthless on or about 4/8/21. MY GTC SELL ORDERS ALL TRIGGERED TODAY AT .71 cents- HUGE PROFITS FOR ME IN MY REGULAR IRA AND ROTH IRA. (OF COURSE, I WISH MY SELL ORDERS WERE TWICE AS HIGH, since CLRBZ spiked to $1.50 or so TODAY.)
I believe these most of these warrants are owned by INSIDERS with more information than I have about CLRB & its clinical trial results !!!
I humbly believe that the price action of CLRBZ is a very good indication off the future for the stock CLRB itself- although I could be wrong again!
Everyone, do your own research & Ignore me- and my speculative opinions!
Why isn't anyone talking about this stock? Why did it run so hard?
Worth repeating 1/7/21 PR:
“Cellectar Biosciences (Nasdaq: CLRB), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of drugs for the treatment of cancer, today announced median overall survival (mOS) in Cohorts 1-4 of the company’s ongoing Phase 1 clinical trial evaluating CLR 131 for the treatment of relapsed/refractory (R/R) multiple myeloma (MM). The results showed mOS of 22.0 months among 15 patients, all of whom were heavily pretreated, averaging five prior lines of systemic therapy. Each patient in Cohorts 1-4 of this dose-escalation study received a single 30-minute infusion of CLR 131.
All patients enrolled in Cohorts 1 through 4 were previously treated with both proteasome inhibitors and immunomodulatory drugs, and experienced disease progression with greater than one-third dual refractory. While no head-to-head studies have been conducted between CLR 131 and other therapies in this heavily pretreated population, for background purposes, a 2016 article published in the journal Bone Marrow Transplantation refractory to both proteasome inhibitors and immunomodulatory drugs achieve mOS of 9 months.1 Additionally, mOS for R/R MM patients receiving treatment in third line averages approximately 12 months of survival, including several recently approved drugs.2,3...”
Editorial Comment:
WHAT WOULD YOU PAY FOR AN EXTRA 22 months of life, if you had the money???
“...The median overall survival of 22 months in this heavily pretreated patient population is very encouraging. These are patients with limited therapeutic options and, unfortunately, face poor prognoses,” said James Caruso, president and chief executive officer of Cellectar Biosciences. “The convenience afforded by CLR 131 delivered in only one or two doses as currently administered in our ongoing hematology studies makes it a far less intrusive regimen than other treatments that must be administered at regular dosing intervals. We believe extending mOS with a more patient-friendly dosing regimen provides both a distinctive product profile and the potential to provide beneficial patient outcomes even in later lines of therapy.”
1. R.F Cornell and A.A. Kassim (2016). Evolving paradigms in the treatment of relapsed/refractory multiple myeloma: increased options and increased complexity. Journal of Bone Marrow Transplantation
2. Jurczyszyn et al (2014). New drugs in multiple myeloma – role of carfilzomib and pomalidomide. Contemporary Oncology
3. Dimopolous et al (2016). Safety and efficacy of pomalidomide plus low-dose dexamethasone in STRATUS (MM-010): a phase 3b study in refractory multiple...”
1/27/21: EU grants CLRB orphan drug status on specific blood cancer!
But this is not the U S clinical news on 131 that is promised soon.
Time will tell!
Seeking Alpha article on CLRB:
https://seekingalpha.com/news/3654903-cellectars-clr-131-an-orphan-drug-in-european-for-rare-blood-cancer
FASTEN YOUR SEAT BELTS, Robinhood traders are coming here soon!
Due for clinical trial news?
IR thinks so...good or fluff bad?
Big “D” always hurts
for awhile...if the company is truly growth and earnings orientated.
THEIR (CLRB) FUND RAISING (DILUTION) HAS TO BE USED TO COMPLETE DEVELOPMENT OF A CANCER TREATMENT OR THE PAID BEARS HERE WILL BE RIGHT. IT’s either win/WIN OR lose/LOSE IN THIS MARKET OR ESPECIALLY THE 2021 ONE TO COME!
And now 25% down since 22nd December close... It was a brutal fundraiser- very dilutive...
Hope to recoup my losses beginning of January - trial update(s) are due.
CLRB UP 2days in a row,
..:With no news that I can find.
$3 inter-day yesterday?
There is no explanation but volume will tell if it is only manipulation of share price.
IT IS CHEAPER AND BETTER LEVERAGE TO USE CLRBZ TO SPECULATE ON THIS COMPANY FOR THE NEXT 30 days ONLY!
JACK, be nimble; JACK BE QUICK!
I stop buying stocks after seeing how much fraud is involved. This company thinks 4 people is a study. the tech doesn't work and is a fake.
If so, where is the “pump”?
Where are the unsubstantiated company press releases, reflecting the pump?
I just this week flipped thousands of .08 cent warrants (CLRBZ) for over .27 cents...3 baggers are profitable!
You make a few good points, but trading volatility is just dating, not marriage!
CLRB, a pump and dump, as usual. What the company has are like garbages.
The warrants CLRBZ are worth of $0 as the strick prices are at $30.4 while CLRB is just $1.9.
CLRBZ:
April 2016 Underwritten Registered Warrants: strike price: $30.40,
Exp. April 20,2021
* * $CLRB Video Chart 12-02-2020 * *
Link to Video - click here to watch the technical chart video
CLRB is UP AGAIN this Wednesday in Pre-market trading,
and on over 100,000 shares traded.
CLRBZ is up again about 20% in pre-market after CLRBZ warrants were up 95% yesterday in day sesion!
WHERE IS THE PAID “boy who cried wolf”? Son of a gun is MIA...
I like the $1.77 high today!
...And on better volume of a few hundred thousand shares!
I assume a 20 odd percent gain for CLRB AT CLOSE AND A 95% gain on CLRBZ warrants was result of inside info leaking on clinical trial data...
sure that's not sonofawolf oil your peddling?
snakeoil company just disappear instantly.
What a big winner this company will be,
My Q1 2021 target is $2.75+ pps, based upon clinical trial news on MM and specific pediatric cancer applications with FDA emergency approvals for both. Good for patients and good for CLRB revenue; win/win!
Ya watching it go down every day, this company is a 100% fraud and why I stopped trading stocks and pulled all my money out.
must be insider trading which is illegal!
Crusader,
Something big is going on behind the scenes.. WHY would the Z warrants
explode up and the common stay put yesterday..
CLRBZ: up over 700%
On heavy volume of over 800,000 warrants traded.
INSIDE INFORMATION??? No public news yet?
THIS PRICE ACTION FOR CLRBZ SEEMS TOO DELAYED TO BE RELATED TO ORR NEWS.
WHAT COULD THE INSIDE INFORMATION BE HERE???
SBOX,
Why do you think the "z" warrantS skyrocketed today?
Would love to hear your thoughts.. They touched $1.54 this morning.
Improves the ORR in all MM populations previous read out vs new read out i 60 mCi.
Tripple refractory 33% --> 40% >=60mci (the PR)
Quad/penta refractory 40% --> 53.8% >= 60mci
High Risk 50% 75 --> 62.5% >= 60 mci
6 or more lines prior 42.8% --> 47.1% >=60mci
NB!! trial continue to be ongoing - so dual dosing data coming up next ??
Sunofwolf, you been right about this stock for long, but reversal is here, get onboard and get a smile on your face
Bouncing off the EM2.
https://stocktwits.com/SeraAnalytica
News release is nothing more than miss info- 40% by who's opinion, some paid quack doctor? clrb does nothing butt steal money from investors for a fat CEO in NJ who spends like crazy on a free fancy office for himself.
Cellectar can beat that ! Belantamab just approved for R/R MM with 4 prior lines of therapy including immunomodulatory drug (IMiD), a proteasome inhibitor, and an anti-CD38 antibody, with ORR/PFS which I believe CLR-131 will match and with a much better AE profile.
Top sales estimate 2026 $1,5B based on current indications/trials, but a lot of new indications could be added down the line for Belantamab.
Looking very much forward to their pediatric neuro oncology data in December.
https://investor.cellectar.com/press-releases/detail/245/cellectar-announces-poster-presentation-at-the
Too easy to manipulate, and too many short term investors.
suk you in then thing falls like a meteor-LOL!
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