Cellectis sells Swedish subsidiary to Japan's Takara Bio

30 July 2014

France-based genome engineering specialist Cellectis (Alternext: ALCLS.PA) says it has sold its Swedish subsidiary Cellectis AB to the Japanese company Takara Bio (TYO: 4974).

The financials terms of the transaction have not been disclosed. However, the French firm says it will lead to a loss of about 5 million euros ($6.7 million) in 2014 on Cellectis’ books. This operation, which will be realized in the coming weeks subject to the completion of certain usual conditions, is for Cellectis the extension to its strategic therapeutic focus.

Will concentrate on CAR-T immunotherapy products

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