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Alnylam Invests $5M in Canadian RNAi Company

Alnylam Pharmaceuticals, the Cambridge, MA-based biotech developing drugs using RNA interference technology, said today it made a $5 million investment in Vancouver-based Tekmira Pharmaceuticals in order to gain access to its delivery technologies. The deals gives Alnylam expanded rights to intellectual property held by Protiva Biotherapeutics before it merged with Tekmira, and to new intellectual property created by the combined company, Alnylam said in a statement.

Luke Timmerman is the National Biotechnology Editor for Xconomy. You can e-mail him at ltimmerman@xconomy.com, call 206-624-2374, or follow him on Twitter at http://twitter.com/ldtimmerman.

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