Cellectar Biosciences Raises ~$35 Million in Registered Direct and Private Placement

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2026.05.08 10:13
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Cellectar Biosciences has raised approximately $35 million through a registered direct offering and private placement. The financing includes common stock, pre-funded warrants, and milestone-based warrants, aimed at funding working capital and a Phase 3 trial for iopofosine I 131 in Waldenström macroglobulinemia. The company has granted resale registration rights to investors and appointed an independent director designated by Nantahala Capital Management. The offering closed on May 6, 2026.