AstraZeneca Enters into a Collaboration Agreement with Cellectis to Develop Novel Cell and Gene Therapies for Oncology and Immunology Indications
Shots:
- As per the agreement, Cellectis will receive $25M up front cash & $220M in equity investment incl. $80M in Cellectis common stock initially & $140M in Q1’24 at $5/share respectively
- Cellectis is also eligible to receive an IND option fee & development, regulator & sales-based milestones for a value worth ~2.2B, an aggregate for 10 selected products, plus tiered royalties
- AstraZeneca will develop ~10 new cell & gene therapies by leveraging Cellectis' proprietary gene editing technologies & manufacturing capabilities. AstraZeneca was allocated a total of 25 genetic targets, of which around 10 can be probed further for potential development
Ref: AstraZeneca | Image: AstraZeneca
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Shivani was a content writer at PharmaShots. She has a keen interest in recent innovations in the life sciences industry. She was covering news related to Product approvals, clinical trial results, and updates. We can be contacted at connect@pharmashots.com.
