Kaken Gets Aadi, whose assets from China

(the article has been updated to make it concise and cohesive)

Kaken Pharmaceutical Co., Ltd., a Japanese pharmaceutical company, has announced its acquisition of Aadi Subsidiary, Inc. from Aadi Bioscience, Inc. for $100 million on December 19.

The deal includes Aadi’s leading antibody-drug conjugates (ADCs), two of which have originated from Hangzhou DAC and WuXi Biologics. These programs are currently in clinical development in China.

While Aadi is not a new company, it represents a fresh model for Chinese developers aiming to globalize their innovations. This acquisition marks a significant step in the expansion of Chinese biotech assets onto the global stage.

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