MaxCyte And Wugen Sign Strategic Platform License; Wugen Gains Non-Exclusive Clinical And Commercial Rights To Use MaxCyte Flow Electroporation And ExPERT platform; MaxCyte Receives Annual License Fees And Program-Related Revenue
Portfolio Pulse from Benzinga Newsdesk
MaxCyte, Inc. has signed a strategic platform license agreement with Wugen Inc., granting Wugen non-exclusive clinical and commercial rights to use MaxCyte's Flow Electroporation and ExPERT platform. In return, MaxCyte will receive annual license fees and program-related revenue.
January 30, 2024 | 1:52 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
MaxCyte enters a strategic licensing deal with Wugen, providing non-exclusive rights to its technology, which will generate annual fees and additional revenue for MaxCyte.
The agreement with Wugen is likely to have a positive short-term impact on MaxCyte's stock price as it not only expands the use of MaxCyte's technology but also ensures a steady stream of revenue through annual license fees and program-related payments. This deal demonstrates the value and demand for MaxCyte's Flow Electroporation and ExPERT platform in the market, which could be seen as a positive indicator by investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100