BRIEF—LigaChem links up with NovaRock
South Korea’s LigaChem Biosciences has signed two antibody licensing agreements with US biotech NovaRock Biotherapeutics, reports Korea Biomedical Review.
The collaboration is focused on developing antibody-drug conjugates (ADCs) targeting difficult-to-treat solid tumors.
LigaChem Biosciences has secured exclusive global rights to develop and commercialize ADCs based on the two novel antibodies. The two newly-introduced targets are reportedly overexpressed in a wide range of solid tumors, including lung, colorectal, gastric, and pancreatic cancers, the report states. No approved ADCs currently exist against these specific targets.
Financial terms were not disclosed.
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