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Hangzhou DAC, WuXi Biologics and Aadi Bioscience Entered into Collaboration Agreements for Three Noval Antibody-Drug Conjugates (ADCs)
Release time:2024.12.20 Views:


   

Hangzhou DAC, WuXi Biologics and Aadi Bioscience Entered into Collaboration Agreements for Three Noval Antibody-Drug Conjugates (ADCs)


BUSSINESS  REPORT












Hangzhou China

20 December 2024



Hangzhou DAC Biotechnology Co., Ltd. (“Hangzhou DAC”), WuXi Biologics (“WuXi Bio”) (2269.HK), and Aadi Bioscience, Inc. (“Aadi”) (NASDAQ: AADI) today announced a strategic license and collaboration agreement. Aadi will be granted the exclusive global rights to develop and commercialize three preclinical ADCs from Hangzhou DAC and WuXi Bio. Hangzhou DAC and WuXi Bio will receive upfront payment of $44 million. Additionally, Aadi is obligated to pay cumulative development milestone payments of up to $265 million, cumulative commercial milestone payments of up to $540 million and single-digit royalties of sales.












Background



In 2021, Hangzhou DAC and WuXi Bio established a strategic partnership to jointly enable multiple innovative ADCs, leveraging Hangzhou DAC's proprietary payload and linker platform and WuXi Bio’s leading antibody discovery platform. The three ADC pre-clinical candidates granted to Aadi, utilizing Hangzhou DAC’s CrossConju™ ADC site-specific conjugation technology and Top1 payload-linker technology, have demonstrated promising efficacy and safety profile in various preclinical tumor models. These ADCs address significant unmet medical needs in lung cancer, gastrointestinal cancer, ovarian cancer and other major tumor indications.




“We are thrilled to announce this strategic collaboration with Aadi and WuXi Bio,” said Robert Y. Zhao, founder and CEO of Hangzhou DAC. “Aadi’s in-depth knowledge of precision oncology and expertise in clinical development will provide robust support for future development of these three ADC programs. Meanwhile, we look forward to advancing our strategic collaboration with WuXi Bio and developing more innovative ADCs.”



“Over the years, we have established partnerships with multiple international pharmaceutical companies by asset out-licensing or research collaboration. Hangzhou DAC’s CrossConju™ ADC site-specific conjugation technology and Top1 payload-linker platform have been applied and clinically validated in multiple collaborative and in-house conjugated drugs. In the future, we will continue to expand collaborations with global partners and accelerate the clinical development of in-house pipeline to provide better treatment options for patients worldwide,” Dr. Zhao continued.



“Leveraging our advanced antibody discovery service, we’re glad to enable Aadi to accelerate the discovery of precision therapies targeting some of the most challenging cancers,” said Dr. Chris Chen, CEO of WuXi Biologics. “This collaboration underscores our wide recognition as an industry leader in discovery service solutions, and further validates our ability to provide integrated discovery technology platforms for global partners to develop next-generation modalities. We look forward to partnering with Aadi and HANGZHOU DAC to expeditiously move these assets forward into clinical development and benefit patients worldwide.”

 

I’m thrilled to announce our partnership with WuXi Biologics and Hangzhou DAC to bring forward this thoughtfully selected ADC portfolio. We were deliberate in identifying broadly expressed tumor targets where first-generation ADCs have already shown proof of concept. With our next wave ADC portfolio, we aim to build upon these earlier therapies to deliver improved outcomes for people living with cancer,” said David Lennon, PhD, President and CEO of Aadi Bioscience.







About Hangzhou DAC Biotechnology Co., Ltd.

Founded in 2012, Hangzhou DAC Biotechnology Co., Ltd. is a clinical stage biotech company, specializing in developing breakthrough ADC therapies. The company has established an end-to-end ADC drug development platform with the capacity of discovery, development and GMP production, and has built a rich product pipeline of over 40 ADC drugs, 6 of which are under clinical development.


Hangzhou DAC holds nearly 30 PCT patents and has filed over 600 patent applications worldwide. Leveraging its proprietary ADC platform, the company has established broad collaborations with multiple international pharmaceutical companies, including Johnson & Johnson.





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HANGZHOU DAC BIOTECHNOLOGY CO .,LTD
  • Address
    369 Qiaoxin Road, Qiantang District, Hangzhou 310018 Zhejiang, China
  • Telephone
    0571-56050590
  • Email
    duoxi@dacbiotech.com
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