GSK plc and Syndivia, a private biotechnology company, have announced an agreement granting GSK exclusive worldwide rights to develop and commercialize a preclinical antibody drug conjugate (ADC) for metastatic castration-resistant prostate cancer (mCRPC).
Approximately 1.4 million men worldwide are diagnosed with prostate cancer each year, with 10-20% developing advanced disease within five years.
Survival rates for these patients are low, with a 5-year survival rate of approximately 30% and a median survival of approximately two years.
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Author's summary: GSK acquires rights for prostate cancer treatment.