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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