other material
confidence high
sentiment positive
materiality 0.85
Cellectar to release top-line WM pivotal data at JP Morgan Conference week of Jan 8, 2024; raises up to $102.9M via PIPE
Cellectar Biosciences, Inc.
- Top-line data from Waldenstrom's macroglobulinemia pivotal trial to be released week of Jan 8, 2024 at JP Morgan Healthcare Conference.
- Closed PIPE with up to $102.9M gross proceeds (milestone-based); initial $24.5M at $1.82/share; led by Rosalind Advisors.
- Received EMA PRIME designation for iopofosine I 131 in WM after two or more prior treatments.
- Cash of $19.0M at Sep 30; net $22.2M from PIPE; believes funded into Q2 2024.
- Q3 R&D expense $7.3M (up from $5.4M YoY); G&A $2.1M (down from $2.4M).