
Cellectar BioSciences (CLRB) Stock Forecast & Price Target
Cellectar BioSciences (CLRB) Analyst Ratings
Bulls say
Cellectar Biosciences Inc. is experiencing a positive trajectory due to substantial increases in projected peak revenues for its phospholipid drug conjugate (PDC) therapeutic, iopofosine 131I, which has seen an increase from approximately $200 million to $340 million by 2030, driven by broader label expansion. The clinical data demonstrating strong efficacy and safety in highly refractory Waldenström macroglobulinemia (WM) patients, along with the drug's benefits in multiple disease settings, enhances the company's attractiveness as a potential acquisition target. Furthermore, there is an expectation for improved response rates over time, particularly as the company prepares for a New Drug Application (NDA) filing in the second half of 2024.
Bears say
Cellectar Biosciences faces a challenging outlook primarily due to the risks associated with clinical trial outcomes, particularly the pivotal study of its lead PDC therapeutic iopofosine, which could significantly impact the company's prospects if results are unfavorable. Additionally, the potential inability to secure adequate funding to sustain operations poses a serious threat to the company's viability. Coupled with heightened competition in the treatment landscape, these factors may lead to diminished adoption rates and adversely affect the anticipated commercial value of its products.
This aggregate rating is based on analysts' research of Cellectar BioSciences and is not a guaranteed prediction by Public.com or investment advice.
Cellectar BioSciences (CLRB) Analyst Forecast & Price Prediction
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