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News on Health 9th June 2023.jpg ArdorComm Media Group AstraZeneca Partners with Quell for $2 Billion Cell Therapy Development Agreement
News on Health 9th June 2023.jpg ArdorComm Media Group AstraZeneca Partners with Quell for $2 Billion Cell Therapy Development Agreement

AstraZeneca Partners with Quell for $2 Billion Cell Therapy Development Agreement

-By ArdorComm News Network

AstraZeneca and Quell Therapeutics have entered into a significant agreement, valued at over $2 billion, to collaborate on the development of cell therapies for the treatment of autoimmune diseases.

This partnership aims to create innovative treatments that could potentially provide a cure for conditions such as type 1 diabetes and inflammatory bowel disease.

Under the terms of the agreement, AstraZeneca will provide an upfront payment of $85 million to Quell, with the potential for additional payments exceeding $2 billion based on the achievement of development and commercialization milestones.

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