Cellectar Biosciences

Florham Park, United States Founded: 2002 • Age: 24 yrs Acquired By Novelos Therapeutics
Phospholipid drug conjugates for cancer treatment are developed.
Annual revenue - Latest available
Total funding - 12 rounds
Employees 11 Tracked headcount
Investors 11 Known backers
Products - Services tracked
Competitors 10 Brand Intelligence

About Cellectar Biosciences

Cellectar Biosciences is a company based in Florham Park (United States) founded in 2002 was acquired by Novelos Therapeutics in April 2011. The company has 11 employees as of December 31, 2024. Cellectar Biosciences operates in a competitive market with competitors including Insulet, Lyra Therapeutics, TriSalus Life Sciences, Credence MedSystems and Foresee Pharmaceuticals, among others.

  • Headquarter Florham Park, United States
  • Employees 11 as on 31 Dec, 2024
  • Stage Public
  • Sectors
    Healthcare
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Cellectar Biosciences, Inc.
Operational Areas
Healthcare → Pharmaceuticals & Therapeutics Unlock Sub-Sector Unlock Segment
Healthcare → Healthcare Products & Supplies Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    -$44.58 M (USD)
    -4.23
    as on Dec 31, 2024
  • EBITDA
    -$51.49 M (USD)
    -32.8
    as on Dec 31, 2024
  • Latest Funding Round
    $24.5 M (USD), Post-IPO

    Sep 05, 2023

  • Investors
    HHS

    & 10 more

  • Employee Count
    11

    as on Dec 31, 2024

  • Acquired by
    Novelos Therapeutics

    (Apr 11, 2011)

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IPO & Listings of Cellectar Biosciences

Cellectar Biosciences is a publicly listed company on the NASDAQ with ticker symbol CLRB in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Exchange: NASDAQ · Ticker: CLRB · Sector: Health technology · USA

People of Cellectar Biosciences

Headcount 10-50
Employee Profiles 10
Board Members and Advisors 5
Employee Profiles
People
James Caruso
President & CEO
People
Chad Kolean
VP & CFO
People
Jarrod Longcor
Chief Operating Officer
People
Christine Higgins
Senior Director, Quality

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Board Members and Advisors
people
Stefan D. Loren
Director
people
Douglas J. Swirsky
Chairman of the Board
people
John Neis
Director
people
Frederick W. Driscoll
Director

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Funding Insights of Cellectar Biosciences

Investors in Cellectar Biosciences

Cellectar Biosciences has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include HHS, National Cancer Institute and Novelos Therapeutics.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
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Multiple sectors focused seed & early stage VC firm investing in the US, Europe & Asia
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Private equity investment firm
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Investor details for Cellectar Biosciences

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Investments & Acquisitions by Cellectar Biosciences

Investments
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Investment portfolio details for Cellectar Biosciences

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Financial Statements - Cellectar Biosciences

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Detailed financials for Cellectar Biosciences

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Cellectar Biosciences Comparisons

Cellectar Biosciences Primary company
Description
Phospholipid drug conjugates for cancer treatment are develo...
Location
Florham Park, United States
Founded Year
2002
Annual Revenue
Not available
Net Profit
-$44.58 M (USD)
EBITDA
-$51.49 M (USD)
Employees
11
As of 2024
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Peer comparison for Cellectar Biosciences

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Competitors of Cellectar Biosciences

Cellectar Biosciences operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Insulet, Lyra Therapeutics, TriSalus Life Sciences, Credence MedSystems and Foresee Pharmaceuticals, among others.

Company Name Domain Founded year HQ Location Description
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Wearable insulin infusion systems are developed for diabetes patients.
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Small molecule therapeutics for ENT diseases are developed.
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Developer of drug delivery devices to treat cancers
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Developer of smart devices for drug delivery
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Injectables and NCEs for cancer and chronic diseases are developed.
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Detailed competitors of Cellectar Biosciences

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Latest news on Cellectar Biosciences

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Complete news archive for Cellectar Biosciences

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Frequently Asked Questions about Cellectar Biosciences

Cellectar Biosciences was founded in 2002 and raised its 1st funding round 6 years after it was founded.

Cellectar Biosciences is headquartered in Florham Park, United States. It is registered at Florham Park, New Jersey, United States.

As of Dec 31, 2024, the latest employee count at Cellectar Biosciences is 11.

Founded in 2002 and based in Florham Park, United States, phospholipid drug conjugates are developed by the biotechnology firm for oncology applications. The lead product, CLR 131, incorporates iodine-131 to damage cancer cell DNA, while another variant targets solid tumors by arresting the cell cycle. Additional conjugates, such as CLR 1602-PTX for paclitaxel delivery, are pursued using a proprietary phospholipid ether platform that enables targeted drug transport to cancer cells.

Cellectar Biosciences's top competitors include Insulet, Lyra Therapeutics and TriSalus Life Sciences.

Yes, Cellectar Biosciences is publicly traded on NASDAQ under the ticker symbol CLRB.

Cellectar Biosciences has 11 investors. Key investors include HHS, National Cancer Institute, Novelos Therapeutics, Rosalind Advisors, and AIGH Capital Management.

The ticker symbol of Cellectar Biosciences is CLRB on NASDAQ.

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