Stockwatch: Can Gilead Wave Its Wand Over Antibody-Drug Conjugates?

M&A Just Transformed The Previously Checkered ADC Space

After a slow start marked by product withdrawals and toxicity, recent deal-making activity has brought antibody-drug conjugates back from obscurity. But what has changed?

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ANDY SMITH OFFERS A LIFE SCIENCE INVESTOR'S PERSPECTIVE ON BIOPHARMA BUSINESS

For many years, the toxicity associated with the first antibody-drug conjugates (ADCs) kept them away from all but the last lines of treatment for a few hematological cancers. But Gilead Sciences, Inc.'s $21bn acquisition of Immunomedics, Inc. and an initial $1.7bn licensing deal between Seattle Genetics, Inc. and Merck & Co., Inc. the following day has brought ADCs back into the spotlight.

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