Cesca inks deal in Asia for CAR-T cell processing services; shares up 8% premarket [Seeking Alpha]
CESCA THERAPEUTICS INC COMMON (KOOL)
Last cesca therapeutics inc common earnings: 8/13 04:05 pm
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Source: Seeking Alpha
Cesca inks deal in Asia for CAR-T cell processing services; shares up 8% premarketThinly traded nano cap Cesca Therapeutics (NASDAQ:KOOL) is up8% premarket on light volume in response to itsannouncement that subsidiary ThermoGenesis has inked a license agreement with Boyalife Group unit IncoCell Tianjin Ltd. for CAR-T and other cellular processing services that IncoCell intends to provide on a CDMO basis (contract development and manufacturing) in certain Asia Pacific countries.Under the terms of the deal, Cesca is entitled to a percentage of IncoCell's gross contract revenues, including any upfront, milestone and royalty payments. Specific financial terms are not disclosed.The territories covered under the agreement are: China, Japan, South Korea, Taiwan, Hong Kong, Macau, Singapore, Malaysia, Indonesia and India.See all stocks on the move »Now read:Cardiovascular Systems (CSII) Presents At Barclays Global Healthcare Conference 2018 - Slideshow »
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