Astra Enters Into $2 Billion-Plus Pact With UK Biotech Quell

  • Astra, Quell to develop cell therapies for autoimmune diseases
  • Deal is first major partnership for UK biotech Quell
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AstraZeneca Plc entered a collaboration with UK biotech Quell Therapeutics potentially worth more than $2 billion to develop cell therapies against major autoimmune diseases.

The companies will develop technologies to tackle type 1 diabetes and inflammatory bowel disease, Astra said Bloomberg TerminalFriday.