Adcendo secures ADC rights in billion-dollar deal

20 August 2024

Danish biotech Adcendo has signed a licensing agreement with Multitude Therapeutics for the global development and commercialization of ADCE-T02.

The novel antibody-drug conjugate (ADC) targets Tissue Factor (TF), and Adcendo will gain exclusive rights outside China, Hong Kong, Macau and Taiwan.

The deal could see Multitude receive over $1 billion in upfront and milestone payments, alongside tiered royalties from future sales.

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