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Drug Development

Adcentrx and Adcendo score millions in funding for antibody-drug conjugate work

by Megha Satyanarayana
May 7, 2021 | A version of this story appeared in Volume 99, Issue 17
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Two biotech companies have each raised tens of millions in series A funding to develop antibody-drug conjugates (ADCs). San Diego–based Adcentrx Therapeutics will receive $50 million for cancer-fighting ADCs that use what company founder Hui Li calls a proprietary conjugation platform. Copenhagen-based Adcendo will receive $62 million to advance its ADCs, including one that targets a novel cancer marker—a collagen-scavenging protein called uPARAP/Endo180.

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