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Biotech Cellectis in takeover talks with Pfizer

Cellectis, the French biotech company, is in talks about its potential sale with Pfizer of the US believed to be among the buyers.

Two people familiar with the situation said Cellectis was in negotiations over a deal but warned that no outcome was certain. One person said Pfizer had informally approached the company about a deal that could value the target at as much as €1.5bn.

The US drug company already owns 9.47 per cent of Cellectis after the pair forged a partnership to develop cancer drugs.

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