On June 4, 2025, the Phase I clinical study (ESG406-101) of the ADC drug ESG406, independently developed by Shanghai Escugen Biotechnology Co., Ltd. (hereinafter referred to as "Escugen"), successfully administered the first dose to a participant. ESG406 received approval from the National Medical Products Administration on April 21, 2025, to conduct clinical research. The initiation of the ESG406-101 project marks the comprehensive iteration and upgrade of Escugen 's ADC technology. Moving forward, the company will focus on the pipeline development of the new generation of ADC technologies.