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LigaChem Eyes Future Acquisition Of IKSUDA Following 26.6% Stake

Part Of Strategy To Become Global ADC Player

 
• By Jung Won Shin

South Korea's LigaChem is kickstarting a growth and globalization drive through a potential future acquisition of UK ADC player IKSUDA.

acquisition
$25M Investment To Speed Up IKSUDA’s ADC Pipelines (Shutterstock)

Leading South Korean antibody-drug conjugate (ADC) specialist LigaChem Biosciences has made a $25m investment for an initial 26.6% equity stake in existing partner IKSUDA Therapeutics, and secured the right to buy shares from other current major shareholders to eventually take control of the UK-based ADC specialist.

“Through this investment, we will leverage IKSUDA’s strong clinical development capabilities in the ADC space to accelerate the clinical development and commercialization of our joint pipeline, creating a positive synergy for both

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