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RELATED PARTY TRANSACTIONS
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6 Months Ended | |
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Jun. 30, 2014
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| Related Party Transactions [Abstract] | ||
| Related Party Transactions Disclosure [Text Block] |
11. RELATED PARTY TRANSACTIONS
Jamey Weichert, the Company’s Chief Scientific Officer and principal founder of Cellectar, and a director and shareholder of the Company, is a faculty member at the University of Wisconsin-Madison (“UW”). During the six months ended June 30, 2014, the Company was invoiced $334,000 by UW, of which $264,000 has been paid, for costs associated with clinical trial agreements. During the six months ended June 30, 2013, the Company made contributions to UW totaling $62,500 for use towards unrestricted research activities. |
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- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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