Adcendo completes oversubscribed $135 million financing

25 November 2024

Danish biotech Adcendo today announced the successful closing of an oversubscribed $135 million Series B financing round.

The proceeds will be used to advance, broaden, and accelerate the development of the company’s first-in-class antibody-drug conjugate (ADC) pipeline, including the ADCE-T02 (Tissue Factor ADC), ADCE-D01 (uPARAP ADC), ADCE-B05 and A0401 programs.

Adcendo, which was founded in 2017, also recently acquired rights from Multitude Therapeutics for the global development and commercialization of ADCE-T02, for which an upfront payment of $1 billion was made.

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