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VelosBio CEO: Series A Success Shows Investors Back His ADC Formula

 
• By Sten Stovall

VelosBio's well-backed Series A funding round showed that investors believe his team has identified the right combination of cancer target, linker and payload for creating a successful novel ADC, the biotech's CEO told Scrip.

R&D
Investors Have Told VelosBio Not To Reveal Its ADC R&D Target Yet • Source: Shutterstock

Developing and getting approved an antibody drug conjugate against cancer boils down to getting the right ADC formula comprising a targeted tumor, linker and payload, and VelosBio's CEO David Johnson says he and his team believe they have identified those components and that investors showed similar belief by backing the Seattle-based biotech's recent $58m Series A funding round.

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