GBAF Logo
Finance

AstraZeneca inks $555 million gene-editing technology deal with Algen, FT reports

Published by Global Banking & Finance Review

Posted on October 6, 2025

1 min read

· Last updated: January 21, 2026

Add as preferred source on Google
AstraZeneca inks $555 million gene-editing technology deal with Algen, FT reports
partnership innovation technology
Global Banking & Finance Awards 2026 — Call for Entries

(Reuters) -AstraZeneca has signed a $555 million deal with a San Francisco-based biotech business Algen Biotechnologies, The Financial Times reported on Monday. The agreement with Algen gives

AstraZeneca Secures $555 Million Deal for Gene-Editing Technology

AstraZeneca's Strategic Partnership with Algen

(Reuters) -AstraZeneca has signed a $555 million deal with a San Francisco-based biotech business Algen Biotechnologies, The Financial Times reported on Monday.

Details of the Agreement

The agreement with Algen gives AstraZeneca exclusive rights to develop and commercialise therapies from the Crispr gene-editing technology, the report said.

Implications for Gene-Editing Therapies

Reuters could not immediately confirm the FT report.

(Reporting by Raechel Thankam Job in Bengaluru; Editing by Rashmi Aich)

Key Takeaways

  • AstraZeneca signs a $555 million deal with Algen Biotechnologies.
  • The deal focuses on Crispr gene-editing technology.
  • AstraZeneca gains exclusive rights for therapy development.
  • The partnership aims to commercialize new therapies.
  • Reuters has not confirmed the Financial Times report.

Frequently Asked Questions

What is gene-editing technology?
Gene-editing technology refers to techniques that allow scientists to modify an organism's DNA. This can lead to advancements in medicine, agriculture, and biotechnology by enabling precise changes to genetic material.
What is Crispr technology?
Crispr technology is a revolutionary gene-editing tool that enables precise modifications to DNA. It allows for targeted changes in the genetic code, which can lead to advancements in genetic research and therapy.
What is commercialization in biotechnology?
Commercialization in biotechnology refers to the process of bringing biotechnological innovations and products to market. This includes development, marketing, and sales of biotech products to generate profit.
What is the significance of a $555 million deal?
A $555 million deal signifies a substantial investment and commitment to a partnership or project. In the context of biotechnology, it reflects confidence in the potential of the technology involved.

Tags

Related Articles

Image for Trump says he speaks with Putin and Zelenskiy -Fox News

Trump says he speaks with Putin and Zelenskiy -Fox News

Image for Trump tells Fox News Iran can call US if it wants to negotiate

Trump tells Fox News Iran can call US if it wants to negotiate

Image for Australia's Wong to visit Japan, China, South Korea to discuss energy security

Australia's Wong to visit Japan, China, South Korea to discuss energy security

Image for Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Image for Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Image for Russian defence minister visits North Korea

Russian defence minister visits North Korea

More from Finance

Explore more articles in the Finance category

Image for Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says
Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says
Image for Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Image for Germany's far-right AfD rises to record 28%, INSA poll shows
Germany's far-right AfD rises to record 28%, INSA poll shows
Image for German government suspects Russia of Signal attack targeting politicians, sources say
German government suspects Russia of Signal attack targeting politicians, sources say
Image for Romania finds parts of second drone after overnight Russian attack on Ukraine
Romania finds parts of second drone after overnight Russian attack on Ukraine
Image for China condemns EU's inclusion of Chinese entities in sanctions package against Russia
China condemns EU's inclusion of Chinese entities in sanctions package against Russia
Image for Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Image for Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Image for France's Macron says EU mutual assistance clause is unambiguous
France's Macron says EU mutual assistance clause is unambiguous
Image for US to let Venezuela pay Maduro's lawyer in drug trafficking case
US to let Venezuela pay Maduro's lawyer in drug trafficking case
Image for Italy votes down equal parental leave while fathers redefine their role online
Italy votes down equal parental leave while fathers redefine their role online
Image for German auto industry faces even tougher competition as China economy slows
German auto industry faces even tougher competition as China economy slows
View All Finance Posts