Californian genetic medicine company Scribe Therapeutics has scored a major strategic collaboration with French giant Sanofi (Euronext: SAN).
The molecular engineering company, which is working on what it calls a “CRISPR by Design” platform for genetic medicine, is offering its gene editing capabilities for use in the creation of novel natural killer (NK) cell therapies for cancer.
As well as $25 million right away, Scribe will be eligible for in excess of $1 billion in payments based on development and commercial milestones, plus royalties on sales.
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