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Day One's $1.2B Deal: A New Hope for Solid Tumor Treatment Day One Biopharmaceuticals has just announced a monumental deal with MabCare Therapeutics, securing exclusive licensing rights for the innovative antibody drug conjugate (ADC), DAY301. This deal, valued at up to $1.2 billion, marks a significant step forward in the fight against solid tumors in both adults and children. Key Highlights:  Upfront Payment: Day One has paid $55 million for development and commercialization rights to DAY301, excluding the Greater China area.  Milestone Payments & Royalties: MabCare stands to gain an additional $1.15 billion in development and commercial milestones, plus single-digit royalties.  Targeted Cancers: DAY301 targets protein-tyrosine kinase 7 (PTK7), overexpressed in esophageal, ovarian, lung, and endometrial cancers in adults, as well as neuroblastoma, rhabdomyosarcoma, and osteosarcoma in children.  Regulatory Milestone: DAY301 received investigational new drug clearance from the FDA in April, with phase 1 dosing expected to begin by late 2024 or early 2025. “We believe the linker-payload technology embodied in DAY301 will overcome the limitations of earlier PTK7-targeted ADCs, giving us a potential first-in-class drug against a clinically validated target,” Samuel Blackman, M.D., Ph.D., Day One co-founder and head of R&D said. This collaboration epitomizes the relentless drive for medical innovation. Share your thoughts about this extraordinary progress. Read more in the article in the comment below. #Biopharma #Innovation #Cancer #ADCTherapy #Healthcare #Medical #ClinicalTrials #Oncology

Day One inks $1.2B biobucks pact for MabCare’s solid tumor ADC

Day One inks $1.2B biobucks pact for MabCare’s solid tumor ADC

fiercebiotech.com

Gary Mantell

Sr. Clinical Project Manager / Clinical Operations Professional

2w

Congratulations on this announcement and the furthering of your clinical program.

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