Report · Oncology: antibody-drug conjugates

Antibody-drug conjugates

China now hosts more new ADC trials than the United States

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Industry
Pharmaceuticals
Period
Registry snapshot 2026-09-27; trial starts 2020 to September 2026
Cited records
41
Reading time
6 min

ADCs are the busiest drug class in this series. More than half of the ADC studies started since 2023 have a site in China, and HER2 and TROP2 assets dominate. The next round of value is in new targets, new payloads and bispecific ADCs, and much of it is being licensed out of China.

Key findings

  • ClinicalTrials.gov lists 2,351 1 interventional studies of antibody-drug conjugates; 1,488 2 are active and 355 3 are Phase 3.
  • 1,225 4 ADC studies started between January 2023 and September 2026: 638 5 with a site in China and 428 6 with a site in the United States.
  • Among studies started since 2023, trastuzumab deruxtecan leads with 139 7. Three Chinese-origin assets follow closely: disitamab vedotin (120 8), SHR-A1811 (109 9) and sacituzumab tirumotecan (105 10).
  • Breast cancer is the largest indication with 315 11 new studies, followed by lung cancer (193 12).

Momentum: growth came from China

ADC trial starts rose from 101 13 in 2020 to 349 14 in 2025. Nearly all of that growth came from studies with a China site, which went from 25 15 in 2020 to 120 16 in 2023 and 177 17 in 2025. Studies with a US site grew more slowly, from 73 18 to 144 19, and were flat between 2021 and 2023.

China's registry footprint is only part of the picture, because many China-only trials are never registered on ClinicalTrials.gov. Official figures show the same direction: China approved 3 new ADCs in 2025 20, and its innovative-drug out-licensing deals exceeded $130 billion in total value 21 across more than 150 deals that year 22.

ADC trials with a China site overtook US-site trials in 2023

Interventional antibody-drug conjugate studies by start year; a study with sites in both countries counts in both lines

3 series · 18 observations · 2020 to 2025
ADC trials with a China site overtook US-site trials in 2023ADC trials with a China site overtook US-site trials in 2023. 3 series on one axis: All studies, With a US site, With a China site. 18 observations from 2020 to 2025, ranging from 25 to 349. Latest values: All studies 349 (2025); With a US site 144 (2025); With a China site 177 (2025). 0 100 200 300 400 2020 2021 2022 2023 2024 2025 All studies With a US site With a China site
ADC trials with a China site overtook US-site trials in 2023ADC trials with a China site overtook US-site trials in 2023. 3 series on one axis: All studies, With a US site, With a China site. 18 observations from 2020 to 2025, ranging from 25 to 349. Latest values: All studies 349 (2025); With a US site 144 (2025); With a China site 177 (2025). 0 100 200 300 400 2020 2021 2022 2023 2024 2025 All studies With a US site With a China site
ADC trials with a China site overtook US-site trials in 2023ADC trials with a China site overtook US-site trials in 2023. 3 series on one axis: All studies, With a US site, With a China site. 18 observations from 2020 to 2025, ranging from 25 to 349. Latest values: All studies 349 (2025); With a US site 144 (2025); With a China site 177 (2025). 0 100 200 300 400 2020 2021 2022 2023 2024 2025 All studies With a US site With a China site
View the underlying data
ADC trials with a China site overtook US-site trials in 2023
Series Period Type Value
All studies 2025 Actual 349
All studies 2024 Actual 282
All studies 2023 Actual 233
All studies 2022 Actual 176
All studies 2021 Actual 145
All studies 2020 Actual 101
With a US site 2025 Actual 144
With a US site 2024 Actual 105
With a US site 2023 Actual 94
With a US site 2022 Actual 96
With a US site 2021 Actual 94
With a US site 2020 Actual 73
With a China site 2025 Actual 177
With a China site 2024 Actual 150
With a China site 2023 Actual 120
With a China site 2022 Actual 69
With a China site 2021 Actual 40
With a China site 2020 Actual 25
Source: ClinicalTrials.gov · CC BY 4.0 · statorigin.org

Live registry counts retrieved 2026-09-27. Studies registered only outside ClinicalTrials.gov, including many China-only trials, are not counted.

Competitive landscape: HER2 and TROP2 are crowded

The eight most active assets are concentrated on two targets. HER2 ADCs are trastuzumab deruxtecan (139 7 studies since 2023), RemeGen's disitamab vedotin (120 8) and Hengrui's SHR-A1811 (109 9). TROP2 ADCs are Kelun-Biotech and Merck's sacituzumab tirumotecan (105 10), Gilead's sacituzumab govitecan (98 34) and datopotamab deruxtecan (29 35).

Two assets point to what comes next. Enfortumab vedotin (60 36) shows how a single-tumour-type leader, in urothelial cancer, can build a franchise through combinations. BL-B01D1 (55 37), an EGFR x HER3 bispecific ADC from Sichuan Baili and partnered with Bristol Myers Squibb, is the most advanced example of a bispecific ADC.

Phase 3 studies started in 2026 lean towards new targets: c-Met (AbbVie's telisotuzumab adizutecan), B7-H3 (GSK's risvutatug rezetecan and BioNTech's BNT324), CEACAM5 (Merck KGaA's precemtabart tocentecan) and HER3. Several of these assets were licensed from Chinese developers.

HER2 and TROP2 ADCs lead new trials, with Chinese assets in the top five

Interventional studies started since January 2023, by asset or class; a study can count in more than one bar

8 entries
HER2 and TROP2 ADCs lead new trials, with Chinese assets in the top fiveHER2 and TROP2 ADCs lead new trials, with Chinese assets in the top five. 8 categories, highest is Trastuzumab deruxtecan (HER2) at 139. Datopotamab deruxtecan (TROP2) BL-B01D1 (EGFR x HER3 bispecific… Enfortumab vedotin (Nectin-4) Sacituzumab govitecan (TROP2) Sacituzumab tirumotecan (TROP2) SHR-A1811 / trastuzumab rezeteca… Disitamab vedotin (HER2) Trastuzumab deruxtecan (HER2) 29 55 60 98 105 109 120 139
HER2 and TROP2 ADCs lead new trials, with Chinese assets in the top fiveHER2 and TROP2 ADCs lead new trials, with Chinese assets in the top five. 8 categories, highest is Trastuzumab deruxtecan (HER2) at 139. Datopotamab deruxteca… BL-B01D1 (EGFR x HE… Enfortumab vedotin (Nec… Sacituzumab govitecan … Sacituzumab tirumoteca… SHR-A1811 / trastuzum… Disitamab vedotin (HER2) Trastuzumab deruxtecan… 29 55 60 98 105 109 120 139
HER2 and TROP2 ADCs lead new trials, with Chinese assets in the top fiveHER2 and TROP2 ADCs lead new trials, with Chinese assets in the top five. 8 categories, highest is Trastuzumab deruxtecan (HER2) at 139. Datopotamab deruxtecan (TROP2) BL-B01D1 (EGFR x HER3 bispecific ADC) Enfortumab vedotin (Nectin-4) Sacituzumab govitecan (TROP2) Sacituzumab tirumotecan (TROP2) SHR-A1811 / trastuzumab rezetecan (HER2) Disitamab vedotin (HER2) Trastuzumab deruxtecan (HER2) 29 55 60 98 105 109 120 139
View the underlying data
HER2 and TROP2 ADCs lead new trials, with Chinese assets in the top five
Category Source Type Value
Trastuzumab deruxtecan (HER2) ClinicalTrials.gov Actual 139
Disitamab vedotin (HER2) ClinicalTrials.gov Actual 120
SHR-A1811 / trastuzumab rezetecan (HER2) ClinicalTrials.gov Actual 109
Sacituzumab tirumotecan (TROP2) ClinicalTrials.gov Actual 105
Sacituzumab govitecan (TROP2) ClinicalTrials.gov Actual 98
Enfortumab vedotin (Nectin-4) ClinicalTrials.gov Actual 60
BL-B01D1 (EGFR x HER3 bispecific ADC) ClinicalTrials.gov Actual 55
Datopotamab deruxtecan (TROP2) ClinicalTrials.gov Actual 29
Source: ClinicalTrials.gov · CC BY 4.0 · statorigin.org

Live registry counts retrieved 2026-09-27. Name and code matching can miss studies registered under other identifiers.

Indications: breast and lung cancer first, then the gaps

Breast cancer was a listed condition in 315 11 ADC studies started since 2023. Lung cancer follows with 193 12 and gynaecological cancers with 195 38. Gastric and oesophageal cancer (121 39), lymphoma (119 40) and urothelial cancer (116 41) form the next group.

Prostate, pancreatic and colorectal cancers have far fewer ADC studies despite large patient numbers. These are the tumour types that B7-H3, CEACAM5 and other new-target ADCs are now entering.

Breast and lung cancer lead ADC trials; gynaecological cancers are catching up

Interventional studies started since January 2023, by condition; a study can count in more than one bar

6 entries
Breast and lung cancer lead ADC trials; gynaecological cancers are catching upBreast and lung cancer lead ADC trials; gynaecological cancers are catching up. 6 categories, highest is Breast cancer at 315. Urothelial or bladder cancer Lymphoma Gastric or oesophageal cancer Lung cancer Ovarian, cervical or endometrial cancer Breast cancer 116 119 121 193 195 315
Breast and lung cancer lead ADC trials; gynaecological cancers are catching upBreast and lung cancer lead ADC trials; gynaecological cancers are catching up. 6 categories, highest is Breast cancer at 315. Urothelial or bladder can… Lymphoma Gastric or oesophageal … Lung cancer Ovarian, cervical or end… Breast cancer 116 119 121 193 195 315
Breast and lung cancer lead ADC trials; gynaecological cancers are catching upBreast and lung cancer lead ADC trials; gynaecological cancers are catching up. 6 categories, highest is Breast cancer at 315. Urothelial or bladder cancer Lymphoma Gastric or oesophageal cancer Lung cancer Ovarian, cervical or endometrial cancer Breast cancer 116 119 121 193 195 315
View the underlying data
Breast and lung cancer lead ADC trials; gynaecological cancers are catching up
Category Source Type Value
Breast cancer ClinicalTrials.gov Actual 315
Ovarian, cervical or endometrial cancer ClinicalTrials.gov Actual 195
Lung cancer ClinicalTrials.gov Actual 193
Gastric or oesophageal cancer ClinicalTrials.gov Actual 121
Lymphoma ClinicalTrials.gov Actual 119
Urothelial or bladder cancer ClinicalTrials.gov Actual 116
Source: ClinicalTrials.gov · CC BY 4.0 · statorigin.org

Live registry counts retrieved 2026-09-27. Name and code matching can miss studies registered under other identifiers.

Approvals: the class leaders and the newest entrants

  • Emrelis (telisotuzumab vedotin, c-Met), approved 14 May 2025 (BLA 761384)
  • Datroway (datopotamab deruxtecan, TROP2), 17 January 2025 (BLA 761394)
  • Elahere (mirvetuximab soravtansine, FRα), 14 November 2022 (BLA 761310)
  • Trodelvy (sacituzumab govitecan, TROP2), 22 April 2020 (BLA 761115)
  • Enhertu (trastuzumab deruxtecan, HER2), 20 December 2019 (BLA 761139)
  • Padcev (enfortumab vedotin, Nectin-4), 18 December 2019 (BLA 761137)

Most approved ADCs still use one of two payload families: topoisomerase-I inhibitors (deruxtecan, govitecan) or tubulin inhibitors (vedotin, emtansine). Resistance to those payloads is the scientific opening for the next generation.

What it means for founders and R&D teams

  • Avoid me-too HER2 and TROP2 programmes. Six of the eight most active assets hit these two targets. A new entrant there needs a clear edge on safety, such as lower interstitial lung disease or ocular toxicity, and that edge is hard to show early.
  • Differentiate on target plus payload. Examples are B7-H3, CEACAM5, CDH17 and HER3 targets, and payloads with a different mechanism, such as immune-stimulating or degrader payloads, or dual-payload designs.
  • Use China's speed, but plan the exit. China-based Phase 1 and 2 studies are fast. The common exit is a regional or global licence before Phase 3, and most 2026 Phase 3 starts by global companies use in-licensed assets.
  • Budget for large pivotal trials. With 355 3 Phase 3 ADC studies registered, standard-of-care comparators are strong and pivotal trials are big. Few start-ups should plan to run one alone.

Methodology and limitations

Every trial count is the totalCount of one ClinicalTrials.gov API v2 query, retrieved on 26 September 2026. Each numbered citation opens a record whose source link re-runs the query. The track includes interventional studies that mention an antibody-drug conjugate by class or by a payload or brand stem (deruxtecan, vedotin, govitecan, emtansine, tirumotecan, rezetecan and others).

Site-country counts overlap and do not sum to the total. China-only trials registered only with China's drug trial platform are missing, so China's share is understated. Asset counts match names and development codes and count every indication. A study can list several conditions and count in several bars. Approval dates come from Drugs@FDA; China approval and licensing totals are cited to their official publishers.

Data behind this report

The industry hubs and indicator series these figures come from. Each page carries the full table, every source and the records this report does not quote.

Sources

Every figure in this report is a published StatOrigin record. The table lists the 41 cited statistics. Sort any column or download CSV. Open a record for APA, MLA, Chicago or BibTeX.

Cited statistics in this report
Figure Indicator Region Value Period Basis Source Record
Registered interventional antibody-drug conjugate trials Registered interventional antibody-drug conjugate trials Global 2,351 as of 27 Sep 2026 actual ClinicalTrials.gov STO-ESX2PB9WV8-142XQJGBRK-G8RHSW
Active antibody-drug conjugate trials Active antibody-drug conjugate trials Global 1,488 as of 27 Sep 2026 actual ClinicalTrials.gov STO-QJW9P6YX84-YVWJ3XHCYX-JAPZ8Y
Phase 3 antibody-drug conjugate trials Phase 3 antibody-drug conjugate trials Global 355 as of 27 Sep 2026 actual ClinicalTrials.gov STO-DBDEC8SYBZ-HHFAKD98CR-RMKGEH
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts Global 1,225 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-R5WEE4YMW7-X09GZRTB1Z-7Q6Z3P
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts China 638 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-A760494N53-1H3HTZY2TR-50WW4B
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts United States 428 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-KZX3J5ZV6W-JV38YKM105-7T024C
Trial starts since 2023: Trastuzumab deruxtecan (HER2) Trial starts since 2023: Trastuzumab deruxtecan (HER2) Global 139 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-KNXSP536DF-P0NP5PECCN-DMDF93
Trial starts since 2023: Disitamab vedotin (HER2) Trial starts since 2023: Disitamab vedotin (HER2) Global 120 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-P94R3T2STR-NXXFH3JX0Z-FP5TGE
Trial starts since 2023: SHR-A1811 / trastuzumab rezetecan (HER2) Trial starts since 2023: SHR-A1811 / trastuzumab rezetecan (HER2) Global 109 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-F16S7ND0YZ-FYF70YBJKQ-4BQQ9T
Trial starts since 2023: Sacituzumab tirumotecan (TROP2) Trial starts since 2023: Sacituzumab tirumotecan (TROP2) Global 105 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-QD2CM1JC09-1366WK167B-8MPE7V
Antibody-drug conjugate trial starts since 2023: Breast cancer Antibody-drug conjugate trial starts since 2023: Breast cancer Global 315 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-MAX0F3F3XR-XAC0D6X6PR-4S77A3
Antibody-drug conjugate trial starts since 2023: Lung cancer Antibody-drug conjugate trial starts since 2023: Lung cancer Global 193 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-954CQYNWCC-19647QT8A8-RV7M6B
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts Global 101 2020 actual ClinicalTrials.gov STO-NX644V1GQ6-TPK5C2ZP2W-X5PM92
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts Global 349 2025 actual ClinicalTrials.gov STO-92QJTV21AP-3EFB9XRK10-Y6M4DA
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts China 25 2020 actual ClinicalTrials.gov STO-PRGMBQFMG0-NHPJPQC78W-DCJBV7
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts China 120 2023 actual ClinicalTrials.gov STO-RDZMKX1D52-7Q68MM9ZGQ-CFKP4E
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts China 177 2025 actual ClinicalTrials.gov STO-KE381215ZV-KM9Q563Y6C-P5G6BE
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts United States 73 2020 actual ClinicalTrials.gov STO-HESYNQFER4-H98R35ESD5-J6R211
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts United States 144 2025 actual ClinicalTrials.gov STO-5G05C40713-90GSGWEZ14-J67AN3
Antibody-drug conjugate approvals Antibody-drug conjugate approvals China 3 2025 actual DIA STO-9SEHGAYSGE-VZP40MYK9N-VXJ81A
Innovative drug out-licensing deal value Innovative drug out-licensing deal value China 130 billion USD 2025 actual NHSA STO-02X018QAC3-T5KDRY83QY-MRVDMR
Innovative drug out-licensing deal count Innovative drug out-licensing deal count China 150 2025 actual NHSA STO-BPYMDQ5644-1MRFHXWB29-5C2Y0R
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts Global 145 2021 actual ClinicalTrials.gov STO-8EBFGWZZKZ-1DVYXVJYGX-638XG3
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts Global 176 2022 actual ClinicalTrials.gov STO-GGHQZTVZBW-E74PT76P67-AJB5ED
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts Global 233 2023 actual ClinicalTrials.gov STO-93EFNGXPZV-P14QGTMAQW-AR0JAQ
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts Global 282 2024 actual ClinicalTrials.gov STO-S1S03CQH88-03908HZW66-Q4ZVHG
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts United States 94 2021 actual ClinicalTrials.gov STO-VNYD84FDFY-MEZCSD0B7R-EZZ06E
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts United States 96 2022 actual ClinicalTrials.gov STO-1G5RECEXVF-4C20H6TBD0-BNPP5S
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts United States 94 2023 actual ClinicalTrials.gov STO-476JH9062N-Q5TFNZP6ZN-G2DET0
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts United States 105 2024 actual ClinicalTrials.gov STO-DQT25GBABQ-30DAQC2KHH-9H39T4
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts China 40 2021 actual ClinicalTrials.gov STO-AZ65X58YQG-C2KPMMEZHV-Y1KB1T
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts China 69 2022 actual ClinicalTrials.gov STO-83W3YHGNCQ-MM78TJ420A-6WX0F2
Antibody-drug conjugate trial starts Antibody-drug conjugate trial starts China 150 2024 actual ClinicalTrials.gov STO-XA0N57X1V4-350DCZW4H1-15YK61
Trial starts since 2023: Sacituzumab govitecan (TROP2) Trial starts since 2023: Sacituzumab govitecan (TROP2) Global 98 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-CWAQFMKBAN-HRWCJ33DTR-R44YPK
Trial starts since 2023: Datopotamab deruxtecan (TROP2) Trial starts since 2023: Datopotamab deruxtecan (TROP2) Global 29 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-X6CTCM8TJY-7ZVW2CJ0PZ-295FSW
Trial starts since 2023: Enfortumab vedotin (Nectin-4) Trial starts since 2023: Enfortumab vedotin (Nectin-4) Global 60 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-0XS9KPKS48-XZ1YJRZ2AG-WZN8J8
Trial starts since 2023: BL-B01D1 (EGFR x HER3 bispecific ADC) Trial starts since 2023: BL-B01D1 (EGFR x HER3 bispecific ADC) Global 55 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-MVAEKSX7XJ-FE527N7KVM-HMM4GM
Antibody-drug conjugate trial starts since 2023: Ovarian, cervical or endometrial cancer Antibody-drug conjugate trial starts since 2023: Ovarian, cervical or endometrial cancer Global 195 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-598Z4RHVXS-40NZ2313KN-0P7027
Antibody-drug conjugate trial starts since 2023: Gastric or oesophageal cancer Antibody-drug conjugate trial starts since 2023: Gastric or oesophageal cancer Global 121 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-1GAA82R2Z6-ZXMSDAGVA7-RJB3GA
Antibody-drug conjugate trial starts since 2023: Lymphoma Antibody-drug conjugate trial starts since 2023: Lymphoma Global 119 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-NV4CD5XXQS-NCCX7BF22A-9K9P2Y
Antibody-drug conjugate trial starts since 2023: Urothelial or bladder cancer Antibody-drug conjugate trial starts since 2023: Urothelial or bladder cancer Global 116 1 Jan 2023 to 27 Sep 2026 actual ClinicalTrials.gov STO-TCN8MNW5X2-8JAAE0V9X0-N0XNGQ

Cite this report

StatOrigin. (2026). Antibody-drug conjugates: China now hosts more new ADC trials than the United States. https://statorigin.org/reports/antibody-drug-conjugate-pipeline-2026

Prefer citing the underlying statistic when you only need one figure. Published 26 September 2026 · updated 27 September 2026. Data licence: CC BY 4.0.