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ADC Biotechnology Ltd News

The latest news, announcements and press releases from ADC Biotechnology Ltd.

 
 
08
April
2021
08th April 2021
 

Sterling Pharma Solutions acquires ADC Bio

Global contract development and manufacturing organisation (CDMO), Sterling Pharma Solutions, has announced the acquisition of ADC Biotechnology (ADC Bio), a UK based bioconjugation development services business specialising in antibody drug conjugates (ADCs).


This follows an announcement by Sterling in December of a strategic investment into the ADC Bio business, with a view to acquisition in 2021.

 
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03
December
2020
03rd December 2020
 

NEW STRATEGIC INVESTMENT IN ADC BIO

We are pleased to announce that Global contract development and manufacturing organisation (CDMO), Sterling Pharma Solutions (Sterling) has made a new strategic partnership with our Company.


The partnership will see Sterling make a significant investment in the business with a view to acquiring ADC Biotechnology in Q1 next year, subject to due diligence.


The businesses will work together to develop an integrated service offering for existing and potential customers, which combines ADC Bio’s expertise with Sterling’s high potency small molecule expertise.


Kevin Cook, CEO at Sterling, said: “This partnership is a really exciting one for both businesses. It will enable continued innovation around this fast-developing science, and in the future we hope that our combined expertise and targeted investment will be a strong competitive force in the race to find the latest generation of drugs in the oncology area.


“Sterling has always been, and will continue to be, focused on the services we can provide to our customers, to ensure they are ahead of the innovation curve and can develop the latest scientific breakthroughs to deliver better drugs for their patients. This partnership is a perfect example of this; some of the finest experts working together to achieve bigger and better things.”


Alan Raymond, Executive Chairman of ADC Bio, added: “The team at ADC Bio have been at the forefront of antibody drug bioconjugation and process development, supporting important advances in oncology with our clients in recent years.  This strategic partnership will allow us to further develop this service with significant investment in the right areas of the business, which is great news for our employees and our customers.  We are looking forward to working with the team at Sterling.”

 
 
20
December
2017
20th December 2017
 

ADC contractor moves forward with U.K. production plant

With the focus of many companies on developing new cancer drugs using antibody drug conjugates (ADCs), contractor ADC Biotechnology is moving quickly to get a manufacturing facility built in Wales to produce its new ADCs.

The U.K. biotech said today that it has a contract with engineering firm WHP to build it $11 million, 21,325-square-foot facility at its site in Deeside, North Wales. The first phase is expected to be completed by December of 2018 and will support the production of all clinical phases and small-scale commercial manufacture of its ADCs.
 
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