Cellectis Grants Harvard Bioscience a License to CytoPulse Electroporation Instruments
PARIS and HOLLISTON, Mass., Dec. 2, 2010 (GLOBE NEWSWIRE) -- Cellectis (Alternext:ALCLS), the French genome engineering specialist, and Harvard Apparatus, a division of Harvard Bioscience, Inc. (Nasdaq:HBIO), a global developer, manufacturer, and marketer of a broad range of tools to advance life science research and regenerative medicine, have announced today that they have signed a license agreement that grants Harvard Apparatus the worldwide exclusive right to manufacture and sell, for research use, the full line of electroporation-based instruments acquired by Cellectis from CytoPulse in September of 2010. Cellectis retains all rights to the use of these products for its own research and development programs as well as in clinical trials and prophylactic or therapeutic procedures, for both humans and animals.
In the agreement, Cellectis will receive a payment of $1.3M from Harvard Apparatus. Cellectis will retain some annual licensing fees owed by existing and new customers. The CytoPulse instruments involved include DermaVax, OncoVet, Hybrimune, Cyto-LVT-S and Cyto-LVT-P.
"We are delighted to work with Harvard Apparatus on the distribution of this very efficient technology," declared Dirk Pollet, Chief Business Officer for Cellectis. "This deal provides Harvard Apparatus with an excellent new product line, while generating a robust revenue stream for Cellectis. In addition, it allows the technology to be made available to the research community to explore its potential."
Chane Graziano, CEO of Harvard Bioscience, commented, "This license significantly expands the cell biology research product line offered by Harvard Apparatus under the Warner Instruments and BTX brands. The technology is quite unique and patent protected and will provide our research customers with new tools to perform their electroporation and electrofusion experiments."
Cellectis is a pioneer in the field of genome engineering. The company designs and markets innovative tools -- meganucleases. These molecular scissors enable targeted modifications to DNA, with applications in the research, biomanufacturing, agrobiotechnology and therapeutic sectors.
To date, Cellectis has formed over 20 academic research partnerships and has established more than 50 agreements with pharmaceutical laboratories, seed producers and biotech companies across the world. The company holds exclusive rights to a portfolio of over 260 patents granted or pending.
Since 2007, Cellectis has been listed on the NYSE-Euronext Alternext market (code: ALCLS) in Paris and has secured over €70 million in funding since inception.
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More information at www.cellectis.com
About Harvard Apparatus
Harvard Bioscience ("HBIO") is a global developer, manufacturer and marketer of a broad range of specialized products, primarily apparatus and scientific instruments, used to advance life science research and regenerative medicine. HBIO sells its products to thousands of researchers in over 100 countries primarily through its 850 page catalog (and various other specialty catalogs), its website, through distributors, including GE Healthcare, Thermo Fisher Scientific and VWR, and via our field sales organization. HBIO has sales and manufacturing operations in the United States, the United Kingdom, Germany and Spain with additional facilities in France and Canada. For more information, please visit www.harvardbioscience.com.
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CONTACT: Cellectis Sylvie Delassus, Senior VP Corporate Communication + 33 (0)1 41 83 99 00 firstname.lastname@example.org Alize RP Caroline Carmagnol +33 (0) 6 64 18 99 59 email@example.com Harvard Bioscience, Inc. David Green, President firstname.lastname@example.org Chane Graziano, CEO email@example.com Tom McNaughton, CFO firstname.lastname@example.org 508 893 8999 Fax: 508 429 8478 Investor inquiries (508) 893-8066