Mammoth next step in Bayer's strengthening of cell and gene platform

10 January 2022

German pharma major Bayer (BAYN: DE) took another step towards its goal of becoming a leader in cell and gene therapies by announcing a strategic collaboration and option agreement with Mammoth Biosciences.

Privately-held Californian firm Mammoth, which has a vision to unlock the full potential of new CRISPR systems, is to receive an upfront sum of $40 million from Bayer, as well as potential future milestone payments of more than $1 billion.

"Will allow us to unleash the full potential of our cell and gene therapy strategy"Mammoth’s gene-editing capability is a key enabling technology, as well as a stand-alone therapeutic modality.

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