Cellectar Biosciences (CLRB) announced the U.S. Food and Drug Administration, FDA, has granted rare pediatric drug designation, RPDD, for iopofosine I 131 in inoperable relapsed or refractory pediatric high-grade glioma. Iopofosine I 131 is a potential first-in-class, novel cancer targeting agent utilizing a phospholipid ether as a radioconjugate monotherapy. The FDA previously granted Orphan Drug Designation for iopofosine I 131 for the treatment of pHGG. “Receiving Rare Pediatric Disease Designation for iopofosine I 131 underscores its potential to address one of the most devastating cancers affecting children and young adults. Combined with the encouraging interim results from our CLOVER-2 pHGG study, which showed meaningful improvements in progression-free and overall survival, this designation further validates the promise of our targeted radiotherapeutic approach,” stated James Caruso, president and CEO of Cellectar. “We believe iopofosine I 131 represents a compelling opportunity for strategic collaboration to accelerate development and bring a potentially first-in-class therapy to patients who urgently need new options.”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLRB:
- Cellectar Biosciences files to sell 2.1M shares of common stock for holders
- Cellectar Biosciences presents posters at AACR on CLR 121225, CLR 225
- Cellectar Biosciences Raises $5.8M Through Warrant Exercise
- Cellectar Biosciences enters agreements to raise $5.8M
- EMA news ‘a substantial positive catalyst’ for Cellectar, says Oppenheimer
