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Adcendo Benefits From ADC Excitement To Raise More Cash

Preclinical Biotech Brought In Over €80m

 
• By Kevin Grogan

The Danish start-up intends to use the proceeds from a €31m series A extension financing to initiate a broad clinical program for its uPARAP antibody-drug conjugate in sarcoma.

Michael Pehl
Michael Pehl • Source: Adcendo

Having launched a couple of years ago with over €50m, Denmark's ADCendo ApS has banked another sizeable pile of cash to advance its pipeline of antibody-drug conjugates (ADCs) into the clinic.

The Copenhagen-headquartered group has completed a series A extension financing, raising a further €31m to add to the €51m raised...

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