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ADC Therapeutics SA

Renewed interest in ADCs will continue in 2024

Medical personnel use a mammogram to examine a woman's breast for breast cancer.Hannibal Hanschke | dpa | Picture Alliance | Getty ImagesSAN FRANCISCO — An established but promising group of cancer drugs was a red-hot market in 2023, and more companies could look to the treatments to fuel growth in the year ahead.That was one clear takeaway from the JPMorgan Healthcare Conference in San Francisco, the nation's largest gathering of biotech and pharmaceutical executives, analysts and investors. During the four-day event,…

Biotech stocks jump on AbbVie deal to buy cancer drugmaker ImmunoGen

Test tubes are seen in front of a displayed AbbVie logo in this illustration taken on May 21, 2021.Dado Ruvic | ReutersBiotech stocks rose Thursday as AbbVie announced plans to buy cancer drug developer ImmunoGen for $10.1 billion. Shares of ImmunoGen jumped more than 80% Thursday, putting it on track for its highest close since November 2000. Meanwhile, AbbVie's stock rose more than 2%. ImmunoGen develops cancer drugs called antibody-drug conjugates, or ADCs, which are designed to directly kill cancer cells and spare…