Achilles Therapeutics Sells Technology Assets to AstraZeneca for $12 Million, Concluding Strategic Review; Shares Up

MT Newswires Live

2024-12-24

Achilles Therapeutics (ACHL) shares were up 1.1% Tuesday morning after the company said it sold certain technology assets to AstraZeneca (AZN) for $12 million.

The company said it transferred a commercial license of proprietary data and samples from the TRACERx non-small cell lung cancer study to AstraZeneca.

Achilles said the sale concludes a strategic review it had first announced in September. The company said it now plans to further reduce its employee headcount and decrease the size of its board.

Price: 0.99, Change: +0.01, Percent Change: +1.11

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