• Fri news: New Novo obesity prospect linked to psychiatric side effects. Summit beats Keytruda in NSCLC. DermaSensor skin cancer detection device. Astellas digital health product. Sanofi MS data. See more on our front page

AbbVie pays $10B to acquire ImmunoGen, doubling down on red-hot ADC cancer field

cafead

Administrator
Staff member
  • cafead   Nov 30, 2023 at 10:42: AM
via The sizzling antibody-drug conjugate (ADC) field is at the center of another major life sciences deal.

This time, AbbVie is shelling out $10.1 billion in cash to acquire ImmunoGen, maker of the ovarian cancer treatment Elahere, which won FDA accelerated approval about a year ago.

article source
 

<