Company intelligence / Profile preview

ProfoundBio

Seattle, Washington, United Statesprofoundbio.com ↗

Ownership: Private
Development stage: Other

Overview

ProfoundBio developed a pipeline of novel ADCs targeting solid tumors and blood cancers. Its lead program targeted folate receptor alpha for ovarian cancer, with another key asset targeting PTK7 in Phase 1/2 trials for various solid tumors. The company’s proprietary linker technology was highlighted as a differentiator. In May 2024, the company was acquired by Genmab for $1.8 billion. No pivotal or late-phase results were reported prior to acquisition.

Therapeutic areas: Oncology
Modalities: Antibody-drug conjugates (ADCs)antibody-based therapeutics
Industry: Biotech

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