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ADC Therapeutics cuts 17% workforce, expects $10M annual savings amid key drug trial milestones

Company Fundamentals
24 Jun 2026
PRNewsWire
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Neutral
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ADC Therapeutics plans to reduce its global workforce by about 17%, aiming to save $10 million annually as it completes key clinical trials for its cancer drug ZYNLONTA. The restructuring follows the expected completion of the LOTIS-5 and LOTIS-7 trials and is designed to enhance financial flexibility while maintaining commercial support. The company is preparing for a regulatory meeting with the FDA in August 2026 and plans to submit a supplemental Biologics License Application (sBLA) in Q4 2026. Data from ongoing trials and investigator-initiated studies will further support ZYNLONTA's use in lymphoma treatment.

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