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ADC Therapeutics SA secures $86.6 million in Private Equity financing, with participation from Bain Capital Life Sciences and existing investors. This strategic move aims to extend the company's cash runway into 2029.
Amount Raised
$86.6 Million
Round Type
Private Equity
LausanneBiotechnologyHealth CareTherapeuticsInvestors
Description
ADC Therapeutics SA has announced a strategic financial restructuring, which includes a $86.6 million private placement involving both new and existing investors. This financing effort is intended to enhance the company’s capital structure and extend its cash runway. The deal includes participation from Bain Capital Life Sciences among others. The restructuring aims to maximize shareholder value and reduce leverage.
Fundz sees it the moment ADC Therapeutics raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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ADC Therapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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