Antibody Drug Conjugates Market Size Potential to Reach USD 39 Billion by 2032 By IMIR Market Research Pvt. Ltd. [Yahoo! Finance]
DAIICHI SANKYO S/ADR (DSNKY)
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Source: Yahoo! Finance
Gondia, India, Oct. 07, 2024 (GLOBE NEWSWIRE) -- In 2023 , the Antibody Drug Conjugates market size was valued at USD 5,475.84 Million and is expected to reach USD 39,153.21 Million at the CAGR of 24.0% during As per the IMIR Market Research Pvt. Ltd. What are Antibody Drug Conjugates? Antibody Drug Conjugates (ADCs) present a significant opportunity for precision cancer therapy. Right now the clinical trials are being conducted to test over 100 ADCs. More than eight ADCs have been approved since 2020 including Ado trastuzumab emtansine for solid tumors and Loncastuximab tesirine for blood malignancies. As the market posses huge opportunity many companies are engage in expanding the product portfolio and geographical reach by adoption different strategies. For instance in December 2022, Merck and Kelun-Biotech announce exclusive license and collaboration agreement for Seven Investigational Antibody-drug Conjugate Candidates for the treatment of cancer. Moreover, in 2023, Merck
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