Another ADC biotech reels in big bucks as Mark Alles’ TORL nabs $158M

Mark Alles has quickly put together a megaround for his latest venture, and it’s for the most sought-after pocket of oncology R&D: antibody-drug conjugates.

The former Celgene CEO became chief executive of TORL BioTherapeutics three months ago, and on Wednesday the company unveiled a $158 million Series…
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