ADC Therapeutics expands to third program with Synaffix
Dutch biotech firm Synaffix announced that ADC Therapeutics has triggered a third target-specific license under its existing commercial license agreement dated October 2016.
This license provides Switzerland-based ADC Therapeutics with the rights to Synaffix’ proprietary GlycoConnect site-specific antibody-drug conjugation (ADC) and HydraSpace polar spacer technologies to develop and commercialize a third product candidate against a specific target.
Under the terms of the agreement, Synaffix is eligible to receive undisclosed upfront, milestone and royalty payments on a per-target basis. Further financial details were not disclosed.
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