SHANGHAI, Feb. 25, 2025 /PRNewswire/ -- WuXi XDC Cayman Inc. ("WuXi XDC", or the "Company", stock code: 2268.HK), a leading global CRDMO (Contract Research, Development, and Manufacturing Organization) specializing in antibody-drug conjugates (ADCs) and other bioconjugates, today announced the signing of an expanded Memorandum of Understanding (MOU) with LigaChem Biosciences, Inc., a leader in the development of innovative ADC therapies targeting cancer and other serious diseases. This new agreement broadens the scope of the ongoing collaboration, further accelerating the development of next generation innovative ADC therapies.
Under the terms of the expanded MOU, WuXi XDC's fully integrated ADC discovery service platform will significantly boost the speed and efficiency of LigaChem's ADC development programs. With WuXi XDC's cutting-edge technologies and extensive expertise, LigaChem will be well-positioned to seamlessly advance its ADC candidates from discovery through to development stages, ensuring a more streamlined and efficient process at every stage.
Furthermore, LigaChem will utilize WuXi XDC's fully integrated ADC development and manufacturing platform to support multiple ADC projects. This strategic expansion of the partnership strengthens both companies' shared mission to develop and deliver innovative ADC therapies that address critical unmet patients needs.
"We are excited to expand our partnership with WuXi XDC," stated Dr. Yong-Zu Kim, CEO and President of LCB, " WuXi XDC's expertise and comprehensive service offerings are crucial to the success of our ADC programs. This expanded partnership enables us to leverage their end-to-end capabilities, accelerating the development of next-generation ADC therapies to address the needs of patients."
Dr.Jimmy Li, CEO of WuXi XDC commented: "Today's expanded collaboration with LigaChem underscores the strength of our long-standing partnership. By leveraging our integrated service platforms across discovery, development, and manufacturing, LigaChem will be able to accelerate the development of their promising ADC candidates and streamline the development and manufacturing of their ADC projects. This collaboration reaffirms our ongoing commitment to helping our clients bring innovative therapies to market faster and more efficiently."
This expanded MOU builds on the initial collaboration between WuXi XDC and LigaChem, which began in 2021. Since then, both companies have made significant strides in advancing the innovation of ADCs and bioconjugates. This new agreement further solidifies the shared vision of advancing the next wave of innovation in the ADC field, poised to deliver meaningful benefits to patients worldwide.
About LigaChem Biosciences
LigaChem Biosciences is dedicated to the discovery and development of innovative therapies that leverage the power of antibody-drug conjugates to treat cancer and other serious diseases. Our mission is to improve the quality of life for patients by providing effective and targeted treatment options. For more information, please visit www.ligachembio.com
About WuXi XDC
WuXi XDC Cayman Inc. ("WuXi XDC", stock code: 2268.HK) is a leading global CRDMO focused on antibody drug conjugates (ADC) and the broader bioconjugate market. It provides end-to-end contract research, development and manufacturing services for bioconjugates, including ADCs. Its services cover antibody intermediates and other biologics intermediates, chemical payloads and linkers, as well as bioconjugate drug substances and drug products. For more information about WuXi XDC, please visit: wuxixdc.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
WuXi XDC and LigaChem Biosciences Strengthen Partnership with Expanded MOU to Accelerate ADC Development
HONG KONG, March 15, 2025 /PRNewswire/ -- QNET, a global lifestyle and wellness direct-selling company, has been recognized with three Silver Stevie® Awards, highlighting its impact in environmental sustainability, corporate social responsibility, and product innovation. The accolades, presented at the Middle East and North Africa Stevie Awards, honor the QNET Green Legacy Programme, its fight against plastic pollution through the VeryNile partnership, and Bernhard H. Mayer's OMNI Watch, a luxury timepiece crafted with sustainable materials.
The Stevie Awards are among the most prestigious business awards worldwide, recognizing outstanding corporate achievements. This latest recognition cements QNET's commitment to empowering communities, driving environmental change, and pioneering sustainable business practices.
"These awards are a testament to QNET's ongoing efforts to create meaningful impact," said Trevor Kuna, Chief Marketing Officer at QNET. "From tackling plastic pollution in the Nile, and redefining sustainable luxury with the OMNI Watch, we are dedicated to making a difference. This recognition reaffirms our commitment to responsible business practices that benefit both people and the planet."
QNET Green Legacy Programme: A Commitment to a Greener Future
The QNET Green Legacy Programme, which received a Silver Stevie® Award, is an environmental sustainability initiative focused on reforestation and carbon footprint reduction. As part of this programme, QNET has also pledged to plant a tree for every OMNI Watch sold—an initiative that has already led to over total 16,000 trees being planted worldwide. The Green Legacy Programme reflects QNET's long-term vision for a healthier planet through proactive green initiatives.
Tackling Plastic Pollution with VeryNile
QNET's partnership with VeryNile was recognized for its environmental and social impact, having impacted 250 families and removed over 5,000 kilograms of plastic waste from the River Nile. The initiative not only cleans one of the world's most polluted waterways but also supports local fishermen and artisans, who repurpose collected plastic into usable products—creating both economic opportunities and a circular economy around waste management.
Sustainable Luxury: Bernhard H. Mayer's OMNI Watch
The OMNI Watch, a timepiece from Bernhard H. Mayer, integrates sustainability into high-end watchmaking. Made with recycled stainless steel, RCS-certified thermoplastic polyurethane (TPU) straps, and eco-friendly packaging, the OMNI Watch aligns with the growing demand for ethical luxury.
QNET's triple Stevie® win reflects its commitment to sustainability, innovation, and financial empowerment. As the company continues integrating responsible business practices, it aims to drive lasting impact in industries and communities across the globe. For more information about the QNET, visit www.qnet.net
ABOUT QNET
QNET, a global lifestyle and wellness company, uses a direct selling business model to promote unique products that enable people to take charge of their health, well-being, and lifestyle.
Since 1998, QNET's innovative products and e-commerce-driven business model have helped build a global community of satisfied customers and microentrepreneurs, who are driven by the mission of RYTHM – Raise Yourself To Help Mankind. Popular product brands offered by QNET include the Bernhard H. Mayer range of luxury watches and jewellery, HomePure range of home care products, the Amezcua wellness range, Physio Radiance personal care range, and QVI branded holiday packages.
QNET proudly exemplifies high industry standards and is a member of numerous Direct Selling Associations worldwide. Its active engagement in several global sports sponsorships including in its role as the official direct selling partner of the Manchester City Football Club (MCFC) and the Confederation of African Football (CAF), highlights the company's commitment to excellence.
Discover a world of new possibilities with QNET by visiting www.qnet.net
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
QNET Scores Triple Silver at the Stevie® Awards for Impact in Sustainability & Innovation
