Selecta Biosciences Inc

NASDAQ:SELB   10:40:34 AM EDT
2.21
-0.03 (-1.34%)
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Selecta Biosciences And Ginkgo Bioworks Announce New Collaboration To Develop Next-Generation Gene Therapy Capsids

Published: 01/10/2022 13:01 GMT
Selecta Biosciences Inc (SELB) - Selecta Biosciences and Ginkgo Bioworks Announce New Collaboration to Develop Next-generation Gene Therapy Capsids.
Selecta Biosciences - Ginkgo is Eligible to Earn Upfront Research and Development Fees, Milestone Payments, Including Certain Payments in Form of Co's Common Stock.
Selecta Biosciences - Ginkgo is Eligible to Earn Milestone Payments of Up to $200 Million in Cash for Each of Specified Number of Products.
Selecta Biosciences Inc - Milestone Payments for Ginkgo Have Potential to Total, in Aggregate, Up to $1.1 Billion.
Selecta Biosciences Inc - Ginkgo is Also Entitled to Potential Further Downstream Value in Form of Royalties on Sales.
Selecta Biosciences Inc - Ginkgo Plans to Design and Engineer Capsids and Co to Conduct All Pre-clinical and Clinical Studies Thereafter.