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ADC Therapeutics SA reported second quarter 2026 financial results, posting net product revenue of $18.6 million and…
ADCTADC Therapeutics SA
ADC Therapeutics SA reported second quarter 2026 financial results, posting net product revenue of $18.6 million and cash and cash equivalents of $219.1 million as of June 30, 2026. The company announced a strategic reorganization involving an approximately 17 percent global workforce reduction to generate estimated annualized cost savings of $10 million. Regulatory developments include the completion of enrollment in the LOTIS-7 Phase 1b trial evaluating ZYNLONTA plus glofitamab and a pre-sBLA meeting with the FDA regarding LOTIS-5 data, where the agency expressed substantial concerns about benefit-risk due to Grade 5 events. Consequently, ADC Therapeutics is assessing the regulatory path for full approval of ZYNLONTA in 3L+ diffuse large B-cell lymphoma (DLBCL). The company operates as a commercial-stage biopharmaceutical firm focused on antibody drug conjugates.