Roche And Innovent Kick Off 2025 With ADC Lung Cancer Deal

The Swiss giant has made a New Year’s resolution to follow up its small cell lung cancer leader Tecentriq with an antibody drug conjugate.

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The antibody-drug conjugate (ADC) field was one of the hottest dealmaking spaces of 2024 and Roche and Innovent Biologics have started the ball rolling again early in the new year, with a global licensing agreement worth up to $1bn.

China’s Innovent has already brought IBI3009, its novel DLL3-targeted ADC candidate into clinical development, having obtained IND approvals in Australia, China and the US, with the first patient for a Phase I small cell lung cancer study dosed in December 2024

Key Takeaways
  • Roche signed two ADC deals in January last year, and has struck early in 2025 with another with Innovent

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