{"id":784551,"date":"2023-09-18T10:10:24","date_gmt":"2023-09-18T14:10:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\/"},"modified":"2023-09-18T10:10:24","modified_gmt":"2023-09-18T14:10:24","slug":"cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\/","title":{"rendered":"Cellectar Biosciences Receives European Medicines Agency Priority Medicines (PRIME) Designation for Iopofosine for Waldenstrom\u2019s Macroglobulinemia"},"content":{"rendered":"<h2>\nThe EMA\u2019s PRIME status is granted to drug candidates that may offer a major therapeutic advantage over existing treatments, or benefit patients without treatment options<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">FLORHAM PARK, N.J., Sept.  18, 2023  (GLOBE NEWSWIRE) &#8212; Cellectar Biosciences, Inc. (NASDAQ: CLRB), a late-stage clinical biopharmaceutical company focused on the discovery, development and commercialization of targeted drugs for the treatment of cancer, today announced that the European Medicines Agency (EMA) has granted Priority Medicines (PRIME) designation to iopofosine I 131, the company\u2019s lead small-molecule drug candidate, for Waldenstrom\u2019s macroglobulinemia (WM) in patients who have received two or more prior treatment regimens.<\/p>\n<p align=\"justify\">The PRIME program aims to optimize development plans and speed up evaluation of medicines that may offer a major therapeutic advantage over existing treatments or benefit patients without treatment options. These medicines are considered priority medicines by the EMA and are intended to reach patients earlier. To be accepted for PRIME,\u00a0new therapies must demonstrate the potential to\u00a0significantly address an unmet medical need in clinical trials.<\/p>\n<p align=\"justify\">\u201cPRIME designation from the EMA further underscores our confidence in iopofosine I 131 to provide a differentiated and highly needed new treatment option for patients with WM,\u201d said James Caruso, president and CEO of Cellectar. \u201cWe expect to release top-line data from the CLOVER-WaM pivotal trial in the fourth quarter of 2023 and submit our NDA in March, 2024. With PRIME designation now in hand we look forward to advancing our EU strategy to bring this potential targeted treatment option to patients in the US and EU as quickly as possible.\u201d<\/p>\n<p align=\"justify\">The U.S. Food and Drug Administration (FDA) has granted Cellectar\u2019s lead asset iopofosine I 131, a small-molecule Phospholipid Drug Conjugate\u2122 (PDC) designed to provide targeted delivery of iodine-131 (radioisotope), Fast Track Designation for WM patients having received two or more prior treatment regimens, as well as relapsed (or refractory) multiple myeloma and relapsed (or refractory) diffuse large B-cell lymphoma (DLBCL). The company expects to complete our ongoing Phase 2b WM pivotal trial (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dfnJQVdztbKtmbGIaSPbOzEe3LRYxRVeQvk_omW-aq6svDXjNiq4z25xVlI1BGC6OZoIyFhLEKt0DUda2AwqaT5IW3wXW99FCUy6KZpCgx9_Yc-rmVzSycoDq-0nBwWn\" rel=\"nofollow noopener\" target=\"_blank\">NCT02952508<\/a>) in the second half of 2023 and assuming an FDA Priority Review and approval, remains on target for a 2024 US product launch.<\/p>\n<p align=\"justify\">\n        <strong>About<\/strong><br \/>\n        <strong>Cellectar<\/strong><br \/>\n        <strong>Biosciences,<\/strong><br \/>\n        <strong>Inc.<\/strong><br \/>\n        <br \/>Cellectar Biosciences is a late-stage clinical biopharmaceutical company focused on the discovery and development of proprietary drugs for the treatment of cancer, independently and through research and development collaborations. The company\u2019s core objective is to leverage its proprietary Phospholipid Drug Conjugate\u2122 (PDC) delivery platform to develop the next-generation of cancer cell-targeting treatments, delivering improved efficacy and better safety as a result of fewer off-target effects.<\/p>\n<p align=\"justify\">The company\u2019s product pipeline includes lead asset iopofosine, a small-molecule PDC designed to provide targeted delivery of iodine-131 (radioisotope), proprietary preclinical PDC chemotherapeutic programs and multiple partnered PDC assets.<\/p>\n<p align=\"justify\">For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=COOsmiqAmh3b4iIO_AhWVmZ1RwVWQHw95Xa9EL48Qa0mD8nIGPCwaUTMefqS_-PBU8g8WfVRsChmK0WF8267zZ2lhqxCMX7aPUfxMa4K01s=\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.cellectar.com<\/u><\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sqBgFvES_uSt0edTJANGEGlE6RMiVpdXXvY2El00y71yv0e1baJaa_ifCjY61lLR66FHm3ojCOH-4leB0XAFcY8FbxsKiF9Zoa14rbWY4oE=\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.wmclinicaltrial.com<\/u><\/a> or join the conversation by liking and following us on the company\u2019s social media channels: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZnWZFKWftx9UqHDyxCfp1dDvuEqDVftO7FhyRU3Ow0wFTGRu5HcYic9TiAzo926U3qORTn6MiUgVQerk2Frppg==\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4WIv5815NxOXf9BCB7A-E8o1j99VXi0h6xuW2K7HhoAV8HrcsiyFnbFPVAFX5efP-zRYGMYhbCYN6ZWlgNjnfNpEYWJRJALZqadWjps653bx07lhPDFZT0_LLrlEA0uP\" rel=\"nofollow noopener\" target=\"_blank\">LinkedIn<\/a>, and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BERmy3JsXxv2tql7TJwHASZyXmlpVIxNHQ_vCWPhd5l0lMiCYKszP07aAaZf_3cXXVSyzUICx4Tti5fxyY9Q9DVQ0zNcmFwD4oaV85YwoDk=\" rel=\"nofollow noopener\" target=\"_blank\">Facebook<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking<\/strong><br \/>\n        <strong>Statement<\/strong><br \/>\n        <strong>Disclaimer<\/strong><br \/>\n        <br \/>This news release contains forward-looking statements. You can identify these statements by our use of words such as &#8220;may,&#8221; &#8220;expect,&#8221; &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;could,&#8221; &#8220;estimate,&#8221; &#8220;continue,&#8221; &#8220;plans,&#8221; or their negatives or cognates. These statements are only estimates and predictions and are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes including our expectations regarding the WM CLOVER-WaM pivotal trial. Drug discovery and development involve a high degree of risk. Factors that might cause such a material difference include, among others, uncertainties related to the ability to raise additional capital, uncertainties related to the disruptions at our sole source supplier of iopofosine, the ability to attract and retain partners for our technologies, the identification of lead compounds, the successful preclinical development thereof, patient enrollment and the completion of clinical studies, the FDA review process and other government regulation, our ability to maintain orphan drug designation in the United States for iopofosine, the volatile market for priority review vouchers, our pharmaceutical collaborators&#8217; ability to successfully develop and commercialize drug candidates, competition from other pharmaceutical companies, product pricing and third-party reimbursement. A complete description of risks and uncertainties related to our business is contained in our periodic reports filed with the Securities and Exchange Commission including our Form 10-K for the year ended December 31, 2022, and our Form 10-Q for the quarter ended June 30, 2023. These forward-looking statements are made only as of the date hereof, and we disclaim any obligation to update any such forward-looking statements.<\/p>\n<p>\n        <strong>Contacts<\/strong>\n      <\/p>\n<p>\n        <strong>Investors:<\/strong><br \/>\n        <br \/>Monique Kosse<br \/> LifeSci Advisors<br \/> 212-915-3820<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OeOaE6qJN7RS7oYZaMVb23Oa9GJWUcRmV8ip5gaY_hU7nRkoTczO9mFkCE-NOCj1rshRFyQxoB2fM19dpjAsXskOIRuoT2DXcOHnz-C4kpVgOzMQPzVGgPmQa36Il65q\" rel=\"nofollow noopener\" target=\"_blank\">monique@lifesciadvisors.com<\/a><\/p>\n<p>\n        <strong>Media:<\/strong><br \/>\n        <br \/>Claire LaCagnina<br \/>Bliss Bio Health<br \/>315-765-1462<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=edMuLnCQ4n13nLNPHQVUPMDGBreqTBwQWnk38iimGz0czWNjcs3x8dbUo_YW8_efw3FQud617Qq_NlE3AHhXhZR961aNv2M0Vx90m0L9J9xWsc7l269PlvhTIPx6SuZJ\" rel=\"nofollow noopener\" target=\"_blank\">clacagnina@blissbiohealth.com<\/a>\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkyMzA1NiM1ODE0MTAxIzUwMDA2MzkzNA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MjNmMjg2NDEtNmQ0NS00YzdjLWEyZjUtZTY5MmQyYTEzYWI3LTUwMDA2MzkzNA==\/tiny\/Cellectar-Biosciences.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The EMA\u2019s PRIME status is granted to drug candidates that may offer a major therapeutic advantage over existing treatments, or benefit patients without treatment options FLORHAM PARK, N.J., Sept. 18, 2023 (GLOBE NEWSWIRE) &#8212; Cellectar Biosciences, Inc. (NASDAQ: CLRB), a late-stage clinical biopharmaceutical company focused on the discovery, development and commercialization of targeted drugs for the treatment of cancer, today announced that the European Medicines Agency (EMA) has granted Priority Medicines (PRIME) designation to iopofosine I 131, the company\u2019s lead small-molecule drug candidate, for Waldenstrom\u2019s macroglobulinemia (WM) in patients who have received two or more prior treatment regimens. The PRIME program aims to optimize development plans and speed up evaluation of medicines that may offer a major therapeutic advantage over &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cellectar Biosciences Receives European Medicines Agency Priority Medicines (PRIME) Designation for Iopofosine for Waldenstrom\u2019s Macroglobulinemia&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-784551","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cellectar Biosciences Receives European Medicines Agency Priority Medicines (PRIME) Designation for Iopofosine for Waldenstrom\u2019s Macroglobulinemia - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cellectar Biosciences Receives European Medicines Agency Priority Medicines (PRIME) Designation for Iopofosine for Waldenstrom\u2019s Macroglobulinemia - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The EMA\u2019s PRIME status is granted to drug candidates that may offer a major therapeutic advantage over existing treatments, or benefit patients without treatment options FLORHAM PARK, N.J., Sept. 18, 2023 (GLOBE NEWSWIRE) &#8212; Cellectar Biosciences, Inc. (NASDAQ: CLRB), a late-stage clinical biopharmaceutical company focused on the discovery, development and commercialization of targeted drugs for the treatment of cancer, today announced that the European Medicines Agency (EMA) has granted Priority Medicines (PRIME) designation to iopofosine I 131, the company\u2019s lead small-molecule drug candidate, for Waldenstrom\u2019s macroglobulinemia (WM) in patients who have received two or more prior treatment regimens. The PRIME program aims to optimize development plans and speed up evaluation of medicines that may offer a major therapeutic advantage over &hellip; Continue reading &quot;Cellectar Biosciences Receives European Medicines Agency Priority Medicines (PRIME) Designation for Iopofosine for Waldenstrom\u2019s Macroglobulinemia&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-18T14:10:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkyMzA1NiM1ODE0MTAxIzUwMDA2MzkzNA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Cellectar Biosciences Receives European Medicines Agency Priority Medicines (PRIME) Designation for Iopofosine for Waldenstrom\u2019s Macroglobulinemia\",\"datePublished\":\"2023-09-18T14:10:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\\\/\"},\"wordCount\":792,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkyMzA1NiM1ODE0MTAxIzUwMDA2MzkzNA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\\\/\",\"name\":\"Cellectar Biosciences Receives European Medicines Agency Priority Medicines (PRIME) Designation for Iopofosine for Waldenstrom\u2019s Macroglobulinemia - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\/","og_locale":"en_US","og_type":"article","og_title":"Cellectar Biosciences Receives European Medicines Agency Priority Medicines (PRIME) Designation for Iopofosine for Waldenstrom\u2019s Macroglobulinemia - Market Newsdesk","og_description":"The EMA\u2019s PRIME status is granted to drug candidates that may offer a major therapeutic advantage over existing treatments, or benefit patients without treatment options FLORHAM PARK, N.J., Sept. 18, 2023 (GLOBE NEWSWIRE) &#8212; Cellectar Biosciences, Inc. (NASDAQ: CLRB), a late-stage clinical biopharmaceutical company focused on the discovery, development and commercialization of targeted drugs for the treatment of cancer, today announced that the European Medicines Agency (EMA) has granted Priority Medicines (PRIME) designation to iopofosine I 131, the company\u2019s lead small-molecule drug candidate, for Waldenstrom\u2019s macroglobulinemia (WM) in patients who have received two or more prior treatment regimens. The PRIME program aims to optimize development plans and speed up evaluation of medicines that may offer a major therapeutic advantage over &hellip; Continue reading \"Cellectar Biosciences Receives European Medicines Agency Priority Medicines (PRIME) Designation for Iopofosine for Waldenstrom\u2019s Macroglobulinemia\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-18T14:10:24+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkyMzA1NiM1ODE0MTAxIzUwMDA2MzkzNA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Cellectar Biosciences Receives European Medicines Agency Priority Medicines (PRIME) Designation for Iopofosine for Waldenstrom\u2019s Macroglobulinemia","datePublished":"2023-09-18T14:10:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\/"},"wordCount":792,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkyMzA1NiM1ODE0MTAxIzUwMDA2MzkzNA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cellectar-biosciences-receives-european-medicines-agency-priority-medicines-prime-designation-for-iopofosine-for-waldenstroms-macroglobulinemia\/","name":"Cellectar Biosciences Receives European Medicines Agency Priority Medicines (PRIME) Designation for Iopofosine for Waldenstrom\u2019s Macroglobulinemia - 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