Antibody-Drug Conjugates Attract Hefty Funding To ADC Therapeutics

Swiss oncology company ADC Therapeutics, which has just added another $200m to its coffers, is developing a new class of antibody-drug conjugates that may be less visible to DNA repair mechanisms and therefore less susceptible to the development of resistance than other anticancers.

Chris Martin of ADC Therapeutics
Chris Martin, CEO of ADC Therapeutics • Source: ADC Therapeutics

Having a realistic view of the amount of funding required to take a potential medicine through clinical trials could be thought a prime requirement of a biotech company, one being exhibited by Lausanne, Switzerland-based biotech ADC Therapeutics SARL, that has just raised $200m to take two of its novel antibody-drug conjugate anticancers into and through registrational clinical trials.

The financing is one of the largest private fundraisings for a European biotech over the past couple of years, and...

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