BioAtla, Inc. is a clinical-stage biopharmaceutical company focused on developing conditionally active biologic antibody therapies through its proprietary CAB technology platform. Its pipeline includes antibody-drug conjugates and T-cell engaging bispecific antibodies aimed at oncology targets such as AXL, ROR2, CTLA-4, EpCAM, and Nectin-4. The company does not have approved products or a commercial sales organization, so its business is centered on research, clinical development, and licensing collaborations. BioAtla has also used out-licensing to generate collaboration revenue and milestone potential while it continues to fund development of its own product candidates.