Tech Company Financing Transactions
Cellectar Biosciences Funding Round
Cellectar Biosciences, based in Florham Park, scored $13 million from Venture Investors, Advantage Capital Partners and private investors.
Transaction Overview
Company Name
Announced On
1/8/2008
Transaction Type
Venture Equity
Amount
$13,000,000
Round
Undisclosed
Investors
Venture Investors (Lead Investor) (John Neis)
Proceeds Purpose
Cellectar will use the money to continue operations and execute a Phase 1 clinical trial for its lead oncology product candidate, CLR1404, which is planned to start this summer. Cellectar recently opened a new manufacturing facility in Madison, WI which will make it possible to complete its clinical trials while remaining independent.
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
Browse more venture capital transactions:
Prev: 1/8/2008: STEP Labs venture capital transaction
Next: 1/8/2008: Pubmatic venture capital transaction
Share this article
About Database of VC Transactions
We report on every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs