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Antibody-Drug Conjugates

Targeted therapies combining antibody specificity with cytotoxic payloads via chemical linkers. The ADC field is experiencing explosive growth with next-generation linker-payload technologies and novel targets beyond oncology.

Key Companies

Daiichi SankyoAstraZenecaGileadEli LillyTubulis

Recent Signals

DEALS & FUNDING

Eli Lilly Acquires CrossBridge Bio for Dual-Payload ADC Technology

Lilly bets on next-generation dual-payload ADCs with the acquisition of CrossBridge Bio, whose CBB-120 platform delivers two cytotoxic agents per antibody for potentially superior tumor killing.

Apr 15, 2026 · 4 min read

DEEP DIVE

ADCs at $20B: The Modality That Ate Oncology

The antibody-drug conjugate market has grown from $16B in 2025 to over $20B in 2026, fueled by Gilead's $5B Tubulis acquisition and Lilly's CrossBridge Bio deal. A deep dive into next-gen linker-payload chemistry, dual-payload designs, and which tumor types remain white space.

Apr 15, 2026 · 12 min read

DEALS & FUNDING

Gilead Acquires Tubulis for Up to $5B, Building a Munich ADC Hub

Gilead enters a definitive agreement to acquire German biotech Tubulis for $3.15B upfront plus $1.85B in milestones. The deal adds best-in-class ADC linker-payload technology and creates a dedicated Munich R&D hub as the ADC sector surpasses $20B.

Apr 7, 2026 · 5 min read