Alnylam Announces Closing of Previously Announced Strategic Alliance with Roche
News Aug 13, 2007
On July 9, 2007, Alnylam and Roche announced the signing of this alliance in which Roche has obtained a non-exclusive license to Alnylam's technology platform for developing RNAi therapeutics.
Roche is required to make aggregate payments to Alnylam of approximately $331.0 million, including an upfront cash payment within ten business days of the closing in connection with the license.
The Roche Venture Fund purchased 1.975 million shares of Alnylam common stock for an aggregate purchase price of approximately $42.5 million. Roche also completed the acquisition of Alnylam's European research site located in Kulmbach, Germany (Bavaria).
The American Society of Human Genetics (ASHG), along with several co-signing organizations, issued a position statement today outlining whether, and to what extent, there is a responsibility to recontact genetic and genomic research participants when new findings emerge that suggest their genetic information should be interpreted differently, which would allow participants to benefit from current genomics advances.READ MORE