AstraZeneca to acquire Gracell Biotechnologies for $1.2bn to expand cell therapy capabilities
AstraZeneca has announced a definitive agreement to acquire Gracell Biotechnologies Inc. (Gracell, NASDAQ: GRCL) for an upfront cash payment of $1.0 billion, representing a 62% premium to Gracell’s closing market price on December 22, 2023. The deal includes an additional contingent value right of $0.30 per ordinary share, bringing the total potential transaction value to […]