AbTx is a biotechnology company that designs personalized medicine biotherapies . These “next-generation drugs” are antibody-drug conjugates (ADCs) that target cancer cells while simultaneously delivering chemotherapy, thus reducing its side effects. With its patented Therano-Stick™ technology, AbTx develops miniaturized versions of ADCs, called FDCs (F for Fragments), which offer improved penetration into solid tumors such as pancreatic cancer, a disease for which there are currently no effective treatments.

Completed 17 a day ago
163 investors
Investment achieved
679.551€
Target
400.000€
Invested
169.9%
169.9% INVESTED
This campaign was live:
From: 21 January 2026
Until: 31 March 2026
Maturity

Prototype/preclinical

Premoney valuation

3.646.941

Estimated exit

2030

Sector

Biotechnology

Equity offered

11.4%

Minimum investment

1.000

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Equity L
Tax deduction L
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Overview: AbTx

Valuation 3.646.941
Estimated return x30
% Offered 11.4%
Estimated exit 2030

AbTx develops miniaturized antibody-drug conjugates capable of penetrating 10 times deeper into the heart of tumors, thus improving their therapeutic index.

A differentiating, patented, universal technology: Therano-Stick™ works with different antibody formats to develop more powerful and better-tolerated immunotherapy approaches.

The main objective of AbTx is to strengthen the therapeutic arsenal of clinicians for better management of patients suffering from so-called "solid tumors" cancers, including pancreatic cancer.

The deployment of the company AbTx will ultimately generate revenue through (1) technology licensing agreements with manufacturing companies in the field of biotherapies and (2) through the sale of therapeutic assets to pharmaceutical companies, with pancreatic cancer representing $2.8 billion today, with a potential of close to $8 billion in 2032.

AbTx, an innovative biotechnology company in biotherapy

AbTx is a biotechnology company that designs personalized medicine biotherapies in oncology, based on antibody-drug conjugates (ADCs). Antibody-drug conjugates have been called “biological missiles” because of their ability to selectively deliver cytotoxic agents to tumor cells, potentially improving the therapeutic index of small cytotoxic molecules (such as those used in chemotherapy). AbTx’s mission is to offer differentiated ADCs to patients with significant unmet needs.

More effective and better tolerated targeted chemotherapy

These conjugated “drugs” are cytotoxic agents that target tumors. More precisely, this tumor targeting is mediated by an antibody, which specifically recognizes cancer cells. A potent anti-tumor therapeutic agent is conjugated to this antibody. This conjugated drug, called an antibody-drug conjugate (ADC), thus spares healthy tissues. By enabling the targeted delivery of potent therapeutic agents to tumors while minimizing systemic toxicity, antibody-drug conjugates (ADCs) have demonstrated increased efficacy, a wider therapeutic window, and improved pharmacokinetics compared to traditional chemotherapies.

ADCs, a dynamic and rapidly growing field

After decades of investment, ADCs are booming, as evidenced by their use as first-line therapy and their integration into drug combinations, particularly in immunotherapy. However, their efficacy remains limited against solid tumors, with only six treatments currently approved.

AbTx is inventing the next generation of ADCs via its Therano-Stick TM technology platform.

The optimal use of antibody-drug conjugates (ADCs) in clinical practice requires overcoming current obstacles, primarily limitations in their tumor penetration capacity when targeting solid tumors. To address this suboptimal tumor penetration issue, Therano-Stick technology enables the generation of miniaturized antibody fragment conjugates (FDCs). AbTx is thus developing smaller and more precise antibody fragment conjugates (FDCs). This approach allows for up to 10 times faster penetration of solid tumors and reduces exposure to healthy tissues, while maintaining the potency of conventional ADCs. The technology is based on an enzyme, microbial transglutaminase (mTG), which attaches active molecules in a targeted and stable manner to various antibody formats (full-length or Fab, scFv, VHH fragments), paving the way for more effective and better-tolerated treatments.

To offer differentiated ADCs to patients with significant unmet needs to date

AbTx is focusing its efforts on pancreatic cancer, one of the most aggressive and difficult to treat, where the five-year survival rate is less than 11%. Without new therapies, it could become the second leading cause of cancer death worldwide by 2030. AbTx is developing a portfolio of FDCs targeting a novel target (“ Tx-101, first-in-class ”) and another known target (“Tx-104, best-in-class”) to treat pancreatic cancer, with potential applications in other indications. The development of these programs paves the way for more effective and targeted treatments for pancreatic cancer. AbTx also has the ability to explore new targets through its discovery platform.

To exploit and enhance the potential applications of our Therano-Stick™ technology

Therano-Stick™ technology could also be used for innovative antibody conjugates in molecular radiotherapy.

Developing differentiated ADCs, investment opportunities

At the recent ESMO 2025 congress , substantial progress in ADCs across several tumor types was reported. Beyond clinical data, a key observation was made regarding the attractiveness criteria sought by investors, including differentiated ADCs.

These opportunities to develop differentiated ADCs are linked to (1) new platform technologies, (2) new targets with validated biology, and (3) technologies related to industrial applications (CDMO). These three criteria are fully aligned with AbTx’s expertise, driven by a founding team with complementary skills: Dr. Meddy EL ALAOUI (CEO), PhD in biochemistry and expert in conjugation; Dr. Boris VUILLERMOZ (CTO), PhD specializing in antibody fragment design through molecular engineering; and Dr. Claudine VERMOT-DESROCHES (CSO), PhD in immunology and expert in oncological immunotherapy research.

We thank our initial investors, partners, and team for making AbTx a key player in innovation within the field of differentiated ADCs. To continue and accelerate the development of its portfolio of innovative miniaturized antibody-drug conjugates and the commercialization of applications for its Therano-Stick™ technology, AbTx aims to raise €400,000.

Why is Capital Cell investing in this company?

Chemotherapy remains a cornerstone of cancer treatment, but its lack of selectivity continues to cause significant toxicity and limit patient outcomes. Antibody-drug conjugates (ADCs) have been developed to address this problem, but progress remains limited: only 15 ADCs have reached the market, and very few are truly effective against solid tumors, primarily because their size hinders good penetration into these dense, poorly vascularized tumor microenvironments.

AbTx directly addresses this limitation with its Therano-Stick™ platform, which enables the precise conjugation of small antibody fragments to enhance tumor penetration. These smaller-format ADCs reach solid tumors up to ten times faster, facilitating better distribution in traditionally difficult-to-treat indications (such as pancreatic cancer), while reducing exposure of healthy tissues. This architecture delivers the precision, stability, and potency required for the next generation of cancer treatments.

The company also benefits from exceptional support. Its scientific committee includes experts from the Centre Léon Bérard and INSERM, two of the most respected institutions in cancer research in France. In parallel, AbTx benefits from the industrial and financial backing of Covalab, a long-established immunotechnology company, providing the startup with a proven infrastructure and decades of experience in antibody engineering.

For investors, this funding round represents an attractive and already well-secured opportunity, combining advanced science, strong institutional support and a platform designed to overcome one of the most persistent challenges in oncology.

Minimum investment: 1.000
Type of exit expected: Series A, Licensing to a pharmaceutical company
Drag-along rights
Tag-along rights
Preferential liquidation right
Anti-dilution law
Tax deductions
Subscribing to the capital of a company, such as a JEIR, allows you to benefit from an income tax reduction subject to meeting certain conditions. The subscriber must be a natural person, i.e., an individual or sole trader, domiciled for tax purposes in France, and undertake to hold the securities received in exchange for the subscription (shares or stocks) for a minimum period of five years. The amount of payments taken into account for the calculation of this tax reduction is limited to €50,000 for a single, widowed, or divorced person, and to €100,000 for a married or civil partnership couple subject to joint taxation. For more information, you can visit the website: entreprendre.service-public.fr.
Main risks

AbTx operates in an increasingly competitive sector, with over 100 ADC candidates currently in clinical development worldwide. Still in the preclinical stage, the company will need to clearly demonstrate the differentiation of its technology and produce robust data to attract industry partners and secure the next round of funding necessary to advance its main program.