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DAC Biotech to Discover Five ADCs in Partnership with Janssen Biotech

publication date: Sep 2, 2022

Hangzhou DAC Biotechnology will apply its ADC technology to develop up to five products for Janssen Biotech, a division of Johnson & Johnson. A 10-year-old ADC specialist, DAC’s ADC platform includes more than 50 novel intelligent linkers (including site-specific conjugation) and 100 small molecule cytotoxic drugs. DAC will receive an upfront payment, cost reimbursement and milestone payments, plus royalties on sales for each selected product. Johnson & Johnson Innovation will make an equity investment in DAC.  Specific details were not disclosed. The agreement was originally announced in June of this year. More details....

Stock Symbol: (NYSE: JNJ)

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