Pfizer inks multi-million $ cancer immunology deal with Cellectis
France-based genome engineering specialist Cellectis (Alternext: ALCLS) saw its shares rocket nearly 50% to 9.26 euros, after the company announced a collaboration with US pharma giant Pfizer (NYSE: PFE), valuing the company at around 195 million euros ($264 million).
Pfizer and Cellectis have entered into a global strategic agreement to develop Chimeric Antigen Receptor T-cell (CAR-T) immunotherapies in the field of oncology directed at select targets. Cellectis’ CAR-T platform technology provides a proprietary, allogeneic approach (utilizing engineered T-cells from a single donor for use in multiple patients) to developing CAR-T therapies that is distinct from other autologous approaches (engineering a patient’s own T-cells to target tumor cells).
$80 million upfront payment
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