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MaxCyte agrees clinical and commercial deal with US t-cell therapy expert

Caribou Biosciences will use MaxCyte’s flow electroporation systems and the company’s ExPERT platform

MaxCyte Inc -
Pictured are t-cells attacking a cancer cell

MaxCyte Inc (LON:MXCT) has signed a clinical and commercial agreement with a US life sciences group for its cutting edge gene-editing technology.

Caribou Biosciences will use MaxCyte’s flow electroporation systems and the company’s ExPERT platform in its allogeneic t-cell therapy programmes.

MaxCyte will receive undisclosed development and approval milestones as well as sales-based payments and “other licensing fees”.

“This important agreement represents another key expansion for MaxCyte, emphasising the value of our technology platform to companies developing pioneering gene-editing and cell therapies,” MaxCyte’s chief executive, Doug Doerfler said in a statement.

“We believe that such programs have high potential to deliver positive clinical impact for patients facing serious and difficult-to-treat diseases."

MaxCyte describes its Flow Electroporation system as being able to deliver “virtually any molecule, to any cell, at any scale”.

Its ExPERT instrument family set takes this a step forward by allowing scientists to carry out complex cell engineering.

Quick facts: MaxCyte Inc

Price: 408 GBX

AIM:MXCT
Market: AIM
Market Cap: £314.81 m
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