CAR T-cell therapies are a hot field, with dozens of organizations, including a handful of big pharma companies, working to develop T cells armed with receptors that bind particular cancer-associated antigens. In the last couple of years, hundreds of millions of dollars’ worth of deals have been struck, and dozens of clinical trials initiated. (Read more about the field in this month’s biobusiness article, “The CAR T-Cell Race.”)
Cellectis’s focus is on allogeneic T cells, or those taken from donated samples, in hopes of making an off-the-shelf therapy that can be more widely used than autologous cells. The company got a boost last year when it struck a deal with Pfizer for $80 million up front, plus up to $185 million per product and royalties. In its new IPO, Cellectis priced 5.5 million American shares at $41.50 each, with another 825,000 shares set away for the company’s underwriters. The money will go toward advancing four CAR-T candidates through Phase 1 trials, manufacturing the therapies, and work outside of oncology.
(Hat tip: Fierce Biotech)