Alnylam Announces Extension of RNAi Therapeutics Collaboration with Novartis
Advertisement
Alnylam Pharmaceuticals, Inc. announced that Novartis has elected to extend the company’s RNAi therapeutics collaboration for a fifth and final planned year, through October 2010. The landmark alliance was initiated in October 2005 and is focused on the discovery, development, and commercialization of RNAi therapeutics toward a defined number of Novartis-selected disease gene targets.
In the Novartis-Alnylam collaboration, both companies are jointly responsible for RNAi discovery activities and Novartis is generally responsible for development and commercialization of RNAi therapeutic products. With the extension of the alliance term, Novartis will continue to fund collaboration research and development efforts conducted by Alnylam. Novartis retains its rights and conditions as per the original 2005 agreement. This includes a right to exercise a non-exclusive platform from Alnylam, in exchange for certain payments due upon platform license exercise, as well as an undisclosed payment and future milestones and royalties. Further, Novartis retains certain rights to purchase Alnylam equity up to its current ownership level which is approximately 13.4%.
Other news from the department business & finance
Most read news
More news from our other portals
Last viewed contents
ViGeneron closes of series A financing to drive development of next generation gene therapy pipeline
Heptares enters a research and drug discovery collaboration with Juntendo University
Novasep and instrAction enter a worldwide strategic alliance for non-chiral chromatography
Kedrion and ProMetic Form Strategic Alliance to Develop Orphan Drugs from Plasma
Alnylam and PBL Sign Licence Agreement for Baulcombe & Hamilton RNAi patent
QIAGEN and ActiveSight Sign Co-Marketing Agreement Targeting Protein Crystallography
U.S. Development Partner Quest Diagnostics Completes Clinical Development of Septin9 Colorectal Cancer Blood Test
Global Pharmaceutical companies expect hard price competition in the rising Biosimilars segment - Bi-annual survey among more than 80 executives from globally active pharmaceutical companies based in 16 countries and spread over four continents
Metobolomics uncovers key indicators of nonalcoholic fatty liver disease - Impaired oxidation in liver associated with progression to NASH
Converting carbon dioxide into useful chemicals with the help of bacteria and solar power - How electrolysis and fermentation can be combined in one system
Agilent Technologies Presents Thought Leader Award to Lipidomics Expert Dr. Jules Griffin - Cambridge Researcher to Further Studies of Obesity, Fatty Liver Disease
