On May 09, 2023 ADC Therapeutics reported financial results for the first quarter 2023 and provided an updated corporate strategy (Press release, ADC Therapeutics, MAY 9, 2023, View Source,the%20same%20quarter%20in%202022. [SID1234632922]).

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"2023 is a pivotal year for positioning ADC Therapeutics to capture the full potential value of our assets. Our later-stage pipeline programs continue to progress, with several initial data readouts expected in the next 12-15 months. Following a comprehensive review of the business by our executive team, we are implementing a new corporate and capital allocation strategy which we believe will allow the Company to focus on the most advanced and highest-potential clinical value drivers," said Ameet Mallik, Chief Executive Officer of ADC Therapeutics.

"After a comprehensive DLBCL market review including interactions with top academic and community centers, we are implementing a new commercial go-to-market model to better align with the market construct. Through our new strategy, we expect to optimize our commercial execution against ZYNLONTA’s unique and valuable market opportunity," said Kristen Harrington-Smith, Chief Commercial Officer of ADC Therapeutics.

"By focusing our resources and executing on our new portfolio and commercial strategy, I am confident that we will deliver on our objectives and unlock value for all of our stakeholders," added Mr. Mallik.