Monday, July 9, 2007

Roche signs up to $1 bln deal with Alnylam on RNAi

(Reuters) - Roche will pay Alnylam $331 million upfront in cash and equity investment, including a stake of 1.975 million Alnylam shares at $21.50 each, or just under 5 percent of Alnylam's outstanding common stock, the two firms said on Monday.




For that investment, Roche gets a non-exclusive license to Alnylam's technology platform. The alliance will initially focus on oncology, respiratory diseases, metabolic diseases and certain liver diseases.


Read more at Reuters.com Business News

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