LegoChem inks $1.7 billion ADC deal with Janssen

29 December 2023

South Korean biotech LegoChem Biosciences (Kosdaq: 141080) has entered into a license agreement with US pharma giant Johnson & Johnson’ (NYSE: JNJ) subsidiary Janssen Biotech, to develop and commercialize LCB84, a Trop2 directed antibody-drug conjugate (ADC).

Under the terms of the deal, LegoChem will grant Janssen an exclusive, worldwide license for the development and commercialization of LCB84. LCB84, a Trop2 directed ADC applying LegoChem’s next-generation ADC platform technology and Trop2 antibody licensed from Italian firm Mediterranea Theranostic, is being studied in a recently initiated Phase I/II clinical trial in the USA.

Terms of the deal

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