Daiichi to spend $150 million on Chinese ADC plant

12 December 2024

Daiichi Sankyo (TYO: 4568) has announced plans to invest 1.1 billion renminbi ($150 million) to build a new manufacturing facility for antibody-drug conjugates (ADCs) in Shanghai's Zhangjiang area.

The plant, expected to be operational by 2030, aims to address the increasing demand for ADCs, which have been shown to improve outcomes across a range of indications.

Daiichi’s portfolio includes Enhertu (trastuzumab deruxtecan), co-developed with AstraZeneca (LSE: AZN), which has been a significant focus for the company in Asia.

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