Tekmira Nabs $50M RNAi Deal

5/11/09

Tekmira Pharmaceuticals, the Vancouver, BC developer of RNA interference drug delivery technology, said it it will receive $18.4 million in upfront cash under a partnership with Swiss healthcare giant Roche. Tekmira’s lipid-nanoparticle technology to keep RNAi drugs stable in the blood, which is also licensed to Cambridge, MA-based Alnylam Pharmaceuticals, will be used on Roche’s first two products of this class. Tekmira is also eligible to get $32 million in milestone payments from Roche if the products achieve development goals.

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