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Cellectar Bio CLR 131 shows positive action in early-stage multiple myeloma study; shares ahead 43% premarket

Published 10/02/2018, 09:03 AM
© Reuters.  Cellectar Bio CLR 131 shows positive action in early-stage multiple myeloma study; shares ahead 43% premarket
CLRB
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  • Thinly traded nano cap Cellectar Biosciences (NASDAQ:CLRB) is up 43% premarket on robust volume on the heels of its announcement of positive interim data from its ongoing Phase 1b clinical trial evaluating CRL 131 in patients with relapsed/refractory multiple myeloma (MM).
  • Updated results showed overall survival (OS) at 19.4 months in heavily pretreated MM patients. All had received an average of five previous lines of multidrug therapy.
  • A Phase 2 MM study is in process.
  • CLR 131 is a phospholipid ether-drug conjugate (PDC) that selectively delivers radiation to malignant cancer cells.
  • Now read: PharmaCyte Bio up 8% on advancement toward clinical study of novel cancer treatment


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