Tech Company Financing Transactions
Cellectar Biosciences Funding Round
Cellectar Biosciences, based in Florham Park, secured $5.8 million from private investors.
Transaction Overview
Company Name
Announced On
10/7/2025
Transaction Type
Venture Equity
Amount
$5,800,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the net proceeds from the offering for working capital and general corporate purposes, its Phase 1b clinical study of our compound CLR 121125 (CLR 125) in triple-negative breast cancer, and the preparation and filing for a Conditional Marketing Authorization (CMA) with the European Medicines Agency.
Company Information
Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
100 Campus Dr. 207
Florham Park, NJ 07932
USA
Florham Park, NJ 07932
USA
Phone
Website
Email Address
Overview
Cellectar Biosciences develops targeted cancer therapies using our proprietary PLE platform to precisely treat tumors while minimizing harm to healthy tissue. We focus on improving outcomes for patients with advanced cancers where better options are urgently needed. We envision a future where patients with even the most advanced cancers have access to effective, well-tolerated therapies that improve survival and quality of life.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Douglas Swirsky
Chief Executive Officer
James Caruso
Chief Financial Officer
Chad Kolean
VP - Bus. Development
Jarrod Longcor
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