AstraZeneca pays $25M upfront, $80M equity investment into Cellectis for gene and cell therapy pact
AstraZeneca is beefing up its cell and gene therapy potential by collaborating with and investing in French biotech Cellectis, starting out with a $25 million upfront payment and an $80 million equity investment.
AstraZeneca will pay Cellectis $105 million total in the last quarter of this year, taking over a 22% stake in Cellectis and 21% of voting rights. As it buys up 16 million shares at $5 per share, AstraZeneca will also be able to add a non-voting observer to the board.
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