Another day, another ADC: OnCusp secures $100M Series A from Novo, OrbiMed and others to run PhI trial
The antibody-drug conjugate news keeps flowing: OnCusp Therapeutics is the latest to join the arena with an oversubscribed $100 million Series A unveiled Thursday morning.
The startup, founded in 2021, adds to the rush of ADCs in recent years as the biopharma industry races to innovate on the decades-old technology, which seeks to create a fancier, more precise and safer version of chemotherapy.
And like many of the deals that have been announced in this space in recent quarters, OnCusp has roots in both the US and China, where Big Pharmas have turned to again and again for pacts with regional biotechs MediLink, DualityBio, Hansoh, SystImmune and others. OnCusp is based in New York and has an office in Shanghai, according to its website.
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