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Gracell Closes Cell Therapy Deal with Seagen; No Details Released

publication date: Mar 17, 2023

Gracell Biotech, a Shanghai cell/gene therapy company, announced in a press release that it had entered an unusual, non-exclusive global deal with Seattle’s Seagen to conduct pre-clinical research on Seagen’s cell therapy products and acquire (non-exclusive) rights to five of Seagen’s cell therapies. The press release was dated March 8, 2023, before Seagen announced it would be acquired by Pfizer for $43 billion. Neither Gracell nor Seagen have issued a press release explaining the agreement, though Seagen has the excuse of a $43 billion sale that required its full attention. More details....

Stock Symbol: (NSDQ: GRCL)

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