Cohance Lifesciences invests $18 million in NJ Bio and Aruka Bio to enhance its antibody-drug conjugate strategy and partnerships.

Cohance Lifesciences will invest $18 million in NJ Bio and Aruka Bio, raising its NJ Bio stake to 67.3% and acquiring 65% of Aruka Bio.

Cohance Lifesciences announced an eighteen million dollar investment to strengthen its antibody-drug conjugate strategy. This includes thirteen million dollars for NJ Bio,…