$80M UP FRONT, $32M EQUITY INVESTMENT, $2.8B MILESTONES
Cellectis stock surges 50 percent on Pfizer chimeric antigen receptor T-cell cancer deal
By Cormac Sheridan
Thursday, June 19, 2014
Shares in Cellectis SA surged more than 50 percent during trading in Paris Wednesday after Pfizer Inc. unveiled a strategic collaboration in cancer based on the French firm's allogeneic chimeric antigen receptor T-cell (CAR T-cell) platform, which will involve an initial outlay of about $112 million, as well as research funding, milestones that could reach as much as $2.775 billion in total, and tiered royalties on any products that reach the market.
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