Cellectis Buys Stem Cell Firm

The deal is valued at €30 million ($41.1 million), according to BioWorld International. Cellectis’s bioresearch division provides meganuclease-based kits and services for cloning. Among the goals of the Ectycell subsidiary is to use its meganuclease technology to improve the generation and use of induced pluripotent stem cells for research and manufacturing. European Biotechnology News reported that Cellectis had 2010 revenues of €3.8 million ($5.2 million) and currently has 62 employees.

Gothenburg, Sweden 9/15/11; Paris, France 9/15/11; Paris, France 11/2/11; Paris, France 11/4/11—Publicly held genome-engineering firm Cellectis has acquired Sweden’s Cellartis for 1.93 million shares and €16.4 million ($ 22.5 million = €0.73 = $1) in cash. Cellartis is a provider of stem cell–derived products and technologies, including human embryonic stem cell–derived hepatocytes and cardiomyocytes used for drug discovery. “The acquisition of Cellartis is in line with Cellectis’ strategy to become the global market leader for stem cell–based in vitro models and related technologies,” stated Cellectis Chairman and CEO André Choulika. “It will make it possible to considerably accelerate our development in this field, while enhancing our commercial offers, which are revolutionizing research and development for new applications across all life science industries.” Cellectis will combine its Ectycell business, which is focused on stem cells, with Cellartis to provide stem cell–derived in vitro R&D tools. In connection with the acquisition, Cellectis completed a €50 million ($68 million) financing round through the sale of bonds to the private-public French Strategic Investment Fund and French industrialist Pierre Bastid.

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