1ST Biotherapeutics and LigaChem form ADC partnership
South Korea-based biotech firms 1ST Biotherapeutics and LigaChem Biosciences (Kosdaq: 141080) have entered a strategic partnership to co-develop next-generation antibody-drug conjugates and small molecule immuno-oncology therapies.
The three-year collaboration will focus on discovering two to four drug candidates. LigaChem will provide initial funding and retain exclusive licensing rights to any resulting assets, which it may sublicense to third parties.
The deal expands a joint research initiative launched in December 2024. Both companies said the new agreement aims to address existing limitations in ADC payloads and bring forward first-in-class or best-in-class oncology treatments.
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