Monday, July 9, 2007

Roche backs RNAi research with $1 bln Alnylam deal

(Reuters) - The agreement is the largest drug discovery partnership in the field to date and a further vindication of the emerging area of biotechnology research which involves blocking disease-causing proteins.




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.


Read more at Reuters.com Business News

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