Samsung Bio, investing in Swiss ADC bio company
By Hwang, Jin-joon | translator Kim, Jung-Ju
23.04.12 12:07:08
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Support for development of candidate materials through Araris Biotech AG investment
Possession of ADC technology capable of attaching drugs without antibody redesign
¡ã Panoramic view of Samsung Biologics. (Photo Samsung Biologics)
Samsung Biologics announced on the 12th that it invested in Araris Biotech AG through the 'Samsung Life Science Fund' along with Samsung C&T.This investment was conducted exclusively by Samsung as a strategic investor (SI) prior to Araris Biotech AG's Series A phase. The investment is expected to be used for the further development of antibody-drug conjugate (ADC) candidates by Araris Biotech AG. ADC is a drug that combines a drug with an antibody and is one of the next-generation treatments.
Araris Biotech AG is a company established in 2019 through the Federal Institute of Technology in Zurich, Switzerland. It has next-generation ADC linker technology.
Araris Biotech AG
Hwang, Jin-joon(jin@dailypharm.com)
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