Form: 10-K

Annual report pursuant to Section 13 and 15(d)

March 9, 2012

 

EXHIBIT 21.1

 

NOVELOS THERAPEUTICS, INC.

LIST OF SUBSIDIARIES

 

Set forth below is a list of the subsidiaries of Novelos Therapeutics, Inc. as of December 31, 2011:

  

Subsidiary Name   Jurisdiction of Organization
     
Cellectar, Inc.   Wisconsin