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AstraZeneca tables $440m for Spirogen, signs ADC deal

This article was originally published in Scrip

Executive Summary

AstraZeneca has acquired the UK cancer drug developer Spirogen, as well as signing a deal with ADC Therapeutics. Both firms are majority owned by Auven Therapeutics, a hybrid firm focused on drug development but structured as a private equity fund. The deal brings AstraZeneca technology that allows cytotoxic warheads to be attached to cancer-targeting antibodies.

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