Pharma BD Deal Intelligence

Whitehawk Therapeutics, Inc. / Hangzhou DAC Biotech Co., Ltd.

2026 · Licensing/Option · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

May 07, 2026 prnewswire.com Neutral

Q1 2026 results (May 7, 2026): cash, cash equivalents and short-term investments of $123.0M as of March 31, 2026 (vs $145.7M at 12/31/25); runway into…

May 21, 2026 prnewswire.com Neutral

Whitehawk Therapeutics Expands ADC Pipeline with New Option Agreement for Use of CPT113 Linker-Payload — covering up to five new internally developed ADC…

May 21, 2026 weeklyvoice.com Neutral

Whitehawk Therapeutics announced a new option agreement with Hangzhou DAC providing access to CPT113 linker-payload technology for up to five additional…

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Whitehawk Therapeutics entered a new option agreement with Hangzhou DAC for access to the CPT113 linker-payload technology for use in up to five additional ADC programs. Whitehawk will select targets and source antibodies while retaining global rights and full program control. Builds on Whitehawk's proprietary Carbon Bridge Cysteine Re-pairing (CBCR) bioconjugation platform.

Key facts

Related deals — scored

DealYearValueOutcome
Whitehawk Therapeutics, Inc. / Hangzhou DAC Biotech Co., Ltd. (this deal)2026
AstraZeneca PLC / Daiichi Sankyo Company, Limited2019$6.9B100
Novartis AG / Endocyte, Inc.2018$2.1B96
Astellas Pharma Inc. / Seagen Inc.2009$4.5B95
Bristol-Myers Squibb Company / Medarex Inc.2009$2.4B92
Servier / Agios Pharmaceuticals (oncology)2020$2.0B91
Servier Pharmaceuticals LLC / Agios Pharmaceuticals Inc.2020$2.0B91

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