Cellectis Terminates Genoway's License under Its Homologous Recombination Technology.ROMAINVILLE, France -- Biocitech - Cellectis S.A. (NYSE NYSE See: New York Stock Exchange - Euronext: ALCLS), the genome engineering company, announces having terminated the non-exclusive license it had granted to Genoway S.A. in 2001 for certain uses of homologous recombination Homologous recombination is a type of genetic recombination, a process of physical rearrangement occurring between two strands of DNA. Homologous recombination involves the alignment of similar sequences, a crossover between the aligned DNA strands, and breaking and repair of the . The termination is effective as of December the 30th 2008. The license was granted under patents: FR2646438, EP419621, EP682112, US6528313, US6638768, US6528314, JP3059481, JP3298842, JP3298864, SG49110 and SG49112, and authorized making and selling cellular and animal models in a restricted field, for research uses only expressly excluding the use of such product for any commercial application. Genoway S.A. challenged this termination in court. Cellectis intends to obtain proper compensation for the damages that it deems having suffered from the uses made by Genoway S.A. outside the licensed field. About the licensed patents The license granted rights under a patent family deriving from the original FR8903630 filing dating back to 1989. This family includes patents: FR2646438, EP419621, EP682112, US6528313, US6638768, US6528314, JP3059481, JP3298842, JP3298864, SG49110 and SG49112. The last patents to expire in that family will expire in 2020 in the USA. Institut Pasteur granted Cellectis with the exclusive worldwide rights over this patent family. These patents cover certain uses of homologous recombination (also referred to as "gene targeting Gene targeting is a genetic technique that uses homologous recombination to change an endogenous gene. The method can be used to delete a gene, remove exons, and introduce point mutations. Gene targeting can be permanent or conditional. "), in particular for the targeted insertion of DNA sequences DNA sequence Genetics The precise order of bases–A,T,G,C–in a segment of DNA, gene, chromosome, or an entire genome. See Base pair, Base sequence analysis, Chromosome, Gene, Genome. made functional in eukaryotic eukaryotic /eu·kary·ot·ic/ (u?kar-e-ot´ik) pertaining to a eukaryon or to a eukaryote. eukaryotic pertaining to eukaryosis. eukaryotic cells see cell. genomes, such as that of animals for example. The "knock-in" processes, currently used to obtain cellular and animal models, including mouse models, such as mice that are "humanized" for a chosen gene, are covered by these patents, which use bring significant benefits to the pharmaceutical and biotechnology industries for the understanding of biological mechanisms as well as for drug development. About Cellectis S.A. Cellectis SA (www.cellectis.com) is a world leader in genome engineering and genome surgery. The company focuses on developing and producing custom meganucleases for use in vivo in vivo /in vi·vo/ (ve´vo) [L.] within the living body. in vi·vo adj. Within a living organism. in vivo adv. genome surgery addressing the therapeutic, agricultural biotechnology, biomanufacturing and research sectors. Worldwide, Cellectis has entered into more than 50 agreements with major players in the pharmaceutical, biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. and agricultural biotechnology industries and has over 20 collaborations with academic research groups. Since its incorporation, Cellectis has raised over 50 million in both equity operations and public financing and is listed on the NYSE-Euronext Alternext market (ticker code: ALCLS). For more information on Cellectis, visit our website: www.cellectis.com Disclaimer - This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that relate to the Company's objectives. Such forward-looking statements are based on the current expectations and assumptions of the Company's management only and involve risk and uncertainties. Potential risks and uncertainties include, without limitation, whether the Company will be successful in implementing its strategies, whether there will be continued growth in the relevant market and demand for the Company's products, new products or technological developments introduced by competitors, and risks associated with managing growth. Unfavorable developments in connection with these and other risks and uncertainties described, in particular, in the Company's prospectus prepared in connection with its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. and on which the French Autorite des marches financiers ("AMF AMF ACE (Allied Command, Europe) Mobile Force AMF Autorité des Marchés Financiers (French) AMF Action Message Format AMF Arab Monetary Fund AMF Asian Monetary Fund AMF Autocrine Motility Factor ") granted its visa nx 07-023 on January 22, 2007, could cause the Company to fail to achieve the objectives expressed by the forward-looking statements above. |
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