Mayflower Bioventures Launches Primera Therapeutics as First Startup with Cellectis to Develop a Gene Editing Platform for Mitochondrial Diseases
Shots:
- Primera to get the right to exercise an exclusive option globally for a license from Cellectis on up to five product candidates. Cellectis will be eligible to receive ~$750M in development and sales milestones for the partnership products, a 19% equity ownership stake in Primera along with royalties if Primera exercises its option
- Primera & Cellectis collaborated to edit mutations of the mtDNA & will co-developing an mtDNA engineering toolbox for effective therapies in mitochondrial diseases
- Primera is the first start-up to be launched by Mayflower (JV b/w Mayo Clinic, Hibiscus BioVentures & others) and aims to focus on developing gene therapies for mitochondrial diseases, for which there are currently no US FDA-approved treatment options are available
Ref: GLOBE NEWSWIRE | Image: Cellectis
Related News:- Cellectis Collaborates with Sanofi for Alemtuzumab to be Utilized in CART-Cell Trials
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Neha is a Senior Editor at PharmaShots. She is passionate and very enthusiastic about recent updates and developments in the life sciences and pharma industry. She covers Biopharma, MedTech, and Digital health segments along with different reports at PharmaShots. She can be contacted at connect@pharmashots.com.
