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Why Pheon Is Keeping Mum Over Target For Novel ADC

 
• By Andrew McConaghie

Intense competition in ADCs means Pheon is holding back details on its technology as it heads into Phase I studies after a $120m series B fundraising.

Antibody Drug Conjugate
• Source: Shutterstock

Pheon has just raised $120m in a series B round to fund early-stage trials of its new antibody drug conjugate technology, but is keeping the novel target’s identity under wraps for now, conscious of the intense competition in the field.

The UK-headquartered firm has been around since 2015, and has been able to attract the funding now that the ADC...

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