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ADC Therapeutics Raises $105m To Reach Pivotal Studies

 
• By John Davis

A second round of funding in just over a year is expected to allow the Lausanne, Switzerland-based company to reach the start of pivotal studies for its novel antibody-drug conjugates.

The Swiss biotech ADC Therapeutics SARL will use an additional $105m of funding it has just raised in a private placement to support the development of two antibody-drug conjugate products it has in Phase I clinical studies that are already producing initial signs of efficacy, and other early-stage pipeline products.

Although antibody-drug conjugate drugs have not attracted the sort of attention lavished on the immune-oncology sector, the new funding round...

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