AstraZeneca inks $555 million gene-editing technology deal with Algen, FT reports
Published by Global Banking & Finance Review®
Posted on October 6, 2025
1 min readLast updated: January 21, 2026
Published by Global Banking & Finance Review®
Posted on October 6, 2025
1 min readLast updated: January 21, 2026
AstraZeneca partners with Algen Biotechnologies in a $555M deal for exclusive rights to develop Crispr gene-editing therapies.
(Reuters) -AstraZeneca has signed a $555 million deal with a San Francisco-based biotech business Algen Biotechnologies, The Financial Times reported on Monday.
The agreement with Algen gives AstraZeneca exclusive rights to develop and commercialise therapies from the Crispr gene-editing technology, the report said.
Reuters could not immediately confirm the FT report.
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Rashmi Aich)
Gene-editing technology refers to techniques that allow scientists to modify an organism's DNA. This can lead to advancements in medicine, agriculture, and biotechnology by enabling precise changes to genetic material.
Crispr technology is a revolutionary gene-editing tool that enables precise modifications to DNA. It allows for targeted changes in the genetic code, which can lead to advancements in genetic research and therapy.
Commercialization in biotechnology refers to the process of bringing biotechnological innovations and products to market. This includes development, marketing, and sales of biotech products to generate profit.
A $555 million deal signifies a substantial investment and commitment to a partnership or project. In the context of biotechnology, it reflects confidence in the potential of the technology involved.
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