GeneQuantum expands deal with Aimed Bio to develop five innovative ADC drugs
GeneQuantum Healthcare, a China-based developer of innovative bioconjugation technologies for antibody drug conjugate (ADC) development, has expanded its partnership with a South Korean biotech company Aimed Bio, a spin-off from Samsung Medical Center.
This strategic collaboration, financial terms of which are not disclosed, aims to jointly develop up to five new ADC drugs to address unmet clinical needs. It adds to an around $1 billion collaboration signed by GeneQuantum earlier this year with Pyramid Bio.
GeneQuantum noted that, since April last year, it has been collaborating Aimed Bio on the joint development of a FGFR3-targeting ADC named GQ1011/AMB302. The progress of this development was presented at the 13th World ADC 2022 and the American Association for Cancer Research (AACR) 2023 Annual Meeting.
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