BioNTech SE’s deal to license two antibody-drug conjugates (ADCs) from Duality Biologics further expands the German biotech’s pipeline, which has grown rapidly thanks to its cash windfall from sales of its messenger RNA COVID-19 vaccines. It also illustrates the continuing appeal of ADCs in oncology, especially after partner Pfizer Inc.’s recent megadeal to acquire Seagen Inc. , as a dozen of the drugs have hit the US market since 2017.
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