trending Market Intelligence /marketintelligence/en/news-insights/trending/cx4dj-cgq1jp8egq5-gqnw2 content esgSubNav
In This List

Cellectar treatment secures US FDA orphan drug status for neuroblastoma

Blog

Funding Social and Affordable Housing: A Credit Perspective

Blog

Global Capital Markets & SPAC Activity – H1 2021

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

Insight Weekly: Banks' efficiency push; vacuuming carbon; Big Pharma diversity goals


Cellectar treatment secures US FDA orphan drug status for neuroblastoma

Cellectar Biosciences Inc. said its lead compound CLR 131 received the U.S. Food and Drug Administration's orphan drug designation to treat a rare type of cancer in children.

The Madison, Wis.-based biotechnology is studying the medicine as a treatment for neuroblastoma, a cancer that forms in certain types of nerve tissue.

The designation will help provide seven years of market exclusivity once the drug is commercialized as well as other benefits to expedite development.

The drug is also being studied in other indications, including multiple myeloma.