Issue Date: October 24, 2016
ADC Therapeutics raises big money for drug conjugates
ADC Therapeutics, a Swiss developer of antibody-drug conjugates for cancer, has raised $105 million from new and existing investors including AstraZeneca, Auven Therapeutics, and the Wild Family Office. ADC’s drugs use antibodies to deliver pyrrolobenzodiazepine-based warheads to both solid tumors and hematological malignancies. ADC says it has raised $255 million since its inception in 2012. Two of its drugs, ADCT-301 and ADCT-402, are in clinical studies against lymphoma and leukemia. Its next two drug candidates will target solid tumors.
- Chemical & Engineering News
- ISSN 0009-2347
- Copyright © American Chemical Society