Cellectis Announces Strategic Collaboration And Investment Agreements With AstraZeneca Worth $245M
Portfolio Pulse from Benzinga Newsdesk
Cellectis has announced a strategic collaboration and investment agreement with AstraZeneca worth $245M. The collaboration will leverage Cellectis' gene editing technologies and manufacturing capabilities to develop up to 10 novel cell & gene therapy candidate products. Cellectis will receive up to $245M in cash, with potential for additional milestones, plus tiered royalties.
November 01, 2023 | 7:21 am
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POSITIVE IMPACT
AstraZeneca has entered into a strategic collaboration with Cellectis, investing up to $245M. This could potentially lead to the development of new gene therapy products, enhancing AstraZeneca's portfolio.
The collaboration with Cellectis allows AstraZeneca to potentially expand its product portfolio with up to 10 new gene therapy products. This could enhance the company's market position and future revenue streams, positively impacting the stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Cellectis will receive up to $245M from AstraZeneca as part of a strategic collaboration. This investment could boost Cellectis' financial position and facilitate the development of new gene therapy products.
The investment from AstraZeneca provides Cellectis with significant financial resources. This could accelerate the company's research and development activities, potentially leading to new product launches and increased revenues in the future. This is likely to have a positive impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100