明看并购｜默沙东：偶联，必然

经济观察报2022-06-18

6月17日，传闻默沙东有意收购抗体偶联药物ADC龙头Seagen。后者盘中股价涨超19%，一度触及熔断，市值重回300亿美元。去年全球ADC市场规模52亿美元，CAGR超30%。据Nature测算，到2026年销售总额将超164亿美元，其中Seagen的Padcev将以35亿美元位居第二。2020年9月，默沙东就以45亿美元总额与Seagen另两个管线绑定，其中还包括10亿美元的股权投资。上个月，...

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