- Lantern, in collaboration with academic research partners, has advanced the development, synthesis, and preclinical proof-of-concept of a novel, highly potent, cryptophycin-based ADC.
- The cryptophycin ADC has shown picomolar potency in a wide range of solid tumors tested in preclinical development and is being further evaluated for clinical potential in six solid tumor indications.
- The company has leveraged RADR®, a proprietary AI platform for oncology drug development, for target selection and molecular payload characterization in ADCs, and a unique, controlled conjugation approach for maximizing drug-to-antibody ratios while controlling for non-specific conjugation.
- Lantern expects to move towards IND development of the ADC program during 2024 with a focus on select solid tumors that are unresponsive or refractory to current therapies.
- ADCs are a promising and emerging class of cancer therapy that are expected to generate over $24 billion in revenue by 2030 and have been the focus of several recent M&A transactions among emerging biotech companies and global pharmaceutical companies.
This Analyst With 84% Accuracy Rate Sees More Than 67% Upside In SMART Global Holdings – Here Are 5 Stock Picks For Last Week From Wall Street’s Most Accurate Analysts
U.S. stocks settled mostly lower on Friday, following an increase in crude oil prices and higher inflation expectations. However, the Dow and S&P 500 recorded weekly gains, closing higher by around 0.8% and 0.45% respectively.
