Cellectar Biosciences and SpectronRx Join Forces in Cancer Treatment

Cellectar Biosciences and SpectronRx Create Promising Collaboration

INDIANAPOLIS and FLORHAM PARK, N.J. – Cellectar Biosciences, Inc. (NASDAQ: CLRB), a biopharmaceutical company on the cutting edge of cancer drug development, has announced a strategic partnership with SpectronRx, a well-regarded contract manufacturer of radiopharmaceuticals. This collaboration is set to enhance and streamline the manufacture of Cellectar's groundbreaking therapy, iopofosine I 131.

Strengthening Supply Chains for Innovative Cancer Therapies

James Caruso, president and CEO of Cellectar, highlighted the importance of robust supply chains in making advanced cancer treatments accessible. "This partnership is integral to our global supply strategy, ensuring that patients suffering from conditions like Waldenstrom's macroglobulinemia can benefit from what we believe is a revolutionary treatment. With SpectronRx’s expertise, we can bolster our manufacturing capabilities significantly."

SpectronRx plans to leverage its state-of-the-art facilities located in Indiana and Belgium to produce iopofosine I 131, a nuanced therapy that has outperformed expectations in clinical trials. The noteworthy CLOVER-WaM study has shown that iopofosine I 131 effectively meets critical endpoints for patients with relapsed or refractory WM. As the drug approaches New Drug Application submission, its potential is expanding into trials for multiple myeloma and central nervous system lymphoma.

A Vision of Global Cancer Treatment Solutions

John Zehner, the CEO of SpectronRx, expressed excitement about the partnership. He stated, "Working with Cellectar marries our advanced manufacturing capabilities with their innovative therapies, a combination that holds promise for patients in desperate need of new treatment options. This synergy is pivotal for addressing unmet cancer needs globally."

Iopofosine I-131, which is currently under investigation and has not yet received FDA approval, has achieved Orphan Drug and Fast Track Designations, signifying its potential in treating various cancer indications.

About SpectronRx: Innovators in Radiopharmaceutical Manufacturing

SpectronRx operates as a versatile entity in the field of diagnostic and therapeutic radiopharmaceutical development. With expertise in three primary areas—Radiopharmaceutical Contract Development, Radiopharmaceutical Contract Manufacturing, and Isotope Production—SpectronRx covers the entire spectrum from initial drug development to global distribution.

The company prides itself on its significant infrastructure, including an expansive 200,000 square feet of production space, qualified clean rooms, and a talented team of experts across various scientific disciplines. Their capabilities extend beyond clinical trial support to ensure timely delivery of new medications to the market. SpectronRx currently supplies its innovative products to 29 countries and is committed to helping biopharmaceutical companies bring their therapies to fruition while navigating complex regulatory environments.

Cellectar Biosciences: Pioneering Targeted Cancer Therapies

Cellectar is at the forefront of biopharmaceutical innovation, focusing on treatments that specifically target cancer cells. The company’s proprietary Phospholipid Drug Conjugate (PDC) delivery platform forms the essence of its strategic approach, allowing for targeted drug delivery with improved efficacy and reduced side effects.

Cellectar's product pipeline is rich with potential, featuring the lead asset iopofosine I 131 and several advanced PDC programs. The company’s research is geared toward influencing the landscape of cancer treatment with targeted therapies that promise enhanced patient outcomes.

Frequently Asked Questions

What is the partnership between Cellectar Biosciences and SpectronRx about?

The partnership focuses on manufacturing iopofosine I 131, a new cancer therapy designed to provide effective treatment options for patients with advanced cancers.

What is iopofosine I 131?

Iopofosine I 131 is a promising radiopharmaceutical under investigation for its efficacy in treating Waldenstrom's macroglobulinemia and is also being evaluated for other cancers.

Where will iopofosine I 131 be produced?

The drug will be manufactured at SpectronRx's high-tech facilities located in Indiana and Belgium.

What other indications is iopofosine I 131 being studied for?

It is currently being investigated for relapsed or refractory multiple myeloma and central nervous system lymphoma, in addition to pediatric high-grade gliomas.

How does this partnership impact cancer treatment access?

This collaboration aims to strengthen the supply chain and enhance manufacturing capabilities, ultimately increasing patient access to innovative cancer therapies.

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