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ADC Therapeutics Raises $76m To Keep ADC Development Momentum Going

 
• By Mandy Jackson

The company extended its series E financing to $276m to keep its two lead ADC candidates moving toward pivotal data and BLA filings, including a planned filing for ADCT-402 late next year. The funding news comes as the ADC field moves into the spotlight.

Stack-100 bills
ADC Therapeutics has raised $531m since 2011 • Source: Shutterstock

Positive data and a drug approval have put antibody-drug conjugates (ADCs) into the spotlight recently and a new $76m financing announced 12 June by the Swiss firm ADC Therapeutics SARL underscores the field's growing momentum.

Lausanne-based ADC Therapeutics extended its $200m series E venture capital round, which originally closed in October 2017, to $276m. The additional cash will fund ongoing and planned pivotal trials for...

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