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Stock impact report

AstraZeneca concludes equity investment in Cellectis [Yahoo! Finance]

Cellectis S.A. - American Depositary Shares (CLLS) 
Last cellectis s.a. - american depositary shares earnings: 3/4 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: cellectis.com/en/investors
Company Research Source: Yahoo! Finance
The investment comes after the companies entered an equity investment and research partnership agreement in November 2023. The companies will focus on developing up to ten new cell and gene therapy products for areas with high unmet medical needs, including immunology, oncology and rare diseases, using the gene editing technologies and manufacturing expertise of Cellectis. Cellectis received an initial payment of $105m from AstraZeneca in the fourth quarter of 2023. This consisted of $25m cash upfront as part of a research partnership deal and $80m in equity investment. Following approval from Cellectis shareholders and regulatory clearances, an additional $140m equity investment has been finalised at $5 per share. AstraZeneca now has a total equity stake of 44% in Cellectis and anticipates continuing to account for its investment in Cellectis as an associate. The research partnership deal entitles Cellectis to potential additional payments. These include an investigati Show less Read more
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