Why Is Cell & Gene Therapy-Focused Senti Biosciences Stock Trading Higher Today?
Portfolio Pulse from Vandana Singh
Senti Biosciences Inc (NASDAQ:SNTI) has announced a strategic collaboration with China-based biotechnology company, Celest Therapeutics, for the clinical development of SENTI-301A, a CAR-NK cell therapy for solid tumors. Celest will lead clinical development, operations, and manufacturing with technical support from Senti Bio. Senti Bio will retain all commercialization rights outside mainland China, Hong Kong, Macau, and Taiwan for SENTI-301A. Senti Bio could receive up to $156 million in milestone payments, plus potential tiered royalty payments.
November 07, 2023 | 2:28 pm
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Senti Biosciences' partnership with Celest Therapeutics for the development of SENTI-301A and potential milestone payments of up to $156 million has led to a significant increase in its stock price.
The news of the strategic collaboration with Celest Therapeutics for the development of SENTI-301A, along with the potential for significant milestone payments, has likely led to increased investor confidence in Senti Biosciences, resulting in a surge in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100