Overland and ADC to form 'leading oncology player' in China
ADC Therapeutics (NYSE: ADCT) and Hillhouse Capital-backed Overland Pharmaceuticals have jointly formed a new company.
Overland ADCT BioPharma will develop and commercialize four of ADC’s antibody drug conjugate (ADC) product candidates for difficult-to-treat hematologic and solid tumors – loncastuximab tesirine (lonca), ADCT-601, ADCT-602 and ADCT-901 – in greater China and Singapore.
Overland has invested $50 million in the venture to fund operations, including development plans for approval of lonca for the treatment of relapsed or refractory diffuse large B-cell lymphoma in the licensed territory.
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