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HMBD-803 is an **antibody-drug conjugate (ADC)** developed by Hummingbird Bioscience Pte Ltd. and currently licensed to Callio Therapeutics. It is in the **preclinical** phase of development. The drug targets an undisclosed antigen and is designed to trigger target internalization. It employs a dual-payload strategy, which is a recent trend in ADC development aimed at overcoming payload resistance.
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