Senti Biosciences shares are trading higher after the company reported a new strategic collaboration with Celest Therapeutics for the clinical development of SENTI-301A in China. Senti is eligible to receive up to $156 million in milestones and royalties.
Portfolio Pulse from Benzinga Newsdesk
Senti Biosciences has announced a strategic collaboration with Celest Therapeutics for the clinical development of SENTI-301A in China. Senti could receive up to $156 million in milestones and royalties.
November 07, 2023 | 2:35 pm
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POSITIVE IMPACT
Senti Biosciences' stock could see a positive impact due to the strategic collaboration with Celest Therapeutics and potential earnings of up to $156 million.
The strategic collaboration with Celest Therapeutics for the development of SENTI-301A in China could potentially bring significant revenue to Senti Biosciences. This news could increase investor confidence in the company, potentially leading to a rise in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100