Cellectar Biosciences Inc. (NASDAQ:CLRB) traded at a new 52-week high today of $14.46. So far today approximately 106.2 million shares have been exchanged, as compared to an average 30-day volume of 165,000 shares.
Cellectar Biosciences Inc is a clinical-stage biopharmaceutical company. It is focused on the discovery, development and commercialization of drugs for the treatment of cancer. The company’s core objective is to leverage proprietary phospholipid drug conjugate (PDC) delivery platform to develop PDCs that are designed to specifically target cancer cells and deliver improved efficacy and better safety as a result of fewer off-target effects. Its lead PDC therapeutic, iopofosine is a small-molecule PDC designed to provide targeted delivery of iodine-131 directly to cancer cells, while limiting exposure to healthy cells.
Over the past year, Cellectar Biosciences Inc. has traded in a range of $0.43 to $1.84 and is now at $0.64.
Cellectar Biosciences Inc. (NASDAQ:CLRB) defies analysts with a current price ($0.64) 5.9% above its average consensus price target of $0.60.
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