Merck acquires ADC startup Abceutics in potential $208M deal
David Weinstock, VP of oncology discovery at Merck, remarked that the University at Buffalo spin-out has “made remarkable progress in translating this novel idea into reality with a series of candidates and compelling early evidence. We look forward to further evaluating the potential of this innovative approach in the clinic.”
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“Giredestrant represents the first major endocrine therapy advance in early-stage ER-positive breast cancer in decades, where the chance for cure is highest,” said Levi Garraway, M.D., Ph.D., chief medical officer and head of Global Product Development. “The FDA’s filing acceptance brings us closer to delivering a new standard-of-care with the
“Orphan Drug Designation for SOT106 underscores both the urgent need for new treatment options in osteosarcoma and the strength of our ADC platform,” said Radek Spisek, M.D., Ph.D., chief executive officer of SOTIO. “Osteosarcoma is a devastating disease that has seen little therapeutic innovation over the past four decades. Treatment
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