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Replies to #26254 on Biotech Values
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Biowatch

03/26/06 5:22 PM

#26258 RE: DewDiligence #26254

Re: ALNY "fanfare for early preclinical results."

Yes, having a CC for preclinical data is unusual, but note that it is for data in primates, not rodents, which implies it is very close to clinical trials.

Plus I assume waiting until Sunday to release the PR and Monday morning for the CC was related to press embargo restrictions by the journal Nature.

JMHO, FWIW




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DewDiligence

03/27/06 7:14 AM

#26288 RE: DewDiligence #26254

Alnylam Announces New Collaboration and Agreements for Key Delivery Technologies

[If ALNY’s RNAi-delivery technology was so great, why did they need another?

It didn’t make much sense that ALNY would have scheduled a CC merely to announce the publication of preclinical data (#msg-10361058). This is the rest of the story.]


http://biz.yahoo.com/bw/060327/20060327005395.html?.v=1

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Monday March 27, 6:00 am ET

Extends Leading Capabilities of Alnylam in Systemic RNAi

CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 27, 2006--Alnylam Pharmaceuticals, Inc. (Nasdaq: ALNY ), a leading RNAi therapeutics company, announced today that it has entered into two new relationships providing access to key technologies for the systemic delivery of RNAi therapeutics. The first agreement is with Inex Pharmaceuticals Corporation (TSX: IEX) and provides access to fundamental liposome delivery technology for systemic RNAi therapeutics. The second agreement is with the Massachusetts Institute of Technology (M.I.T.), and provides access to novel liposome technology being developed in the laboratory of Professor Robert S. Langer. Today Alnylam also announced the publication in Nature of the first demonstration of therapeutic gene silencing in primates with systemic RNAi using liposomal delivery technology.

"We believe that the work we reported today in Nature represents a major step forward in the development of systemic RNAi therapeutics", said John Maraganore, Ph.D., President and Chief Executive Officer of Alnylam Pharmaceuticals. "Liposomal delivery technology played an important role in this advance, and we believe that these agreements with Inex and M.I.T. position us to expand our pipeline of direct and systemic RNAi therapeutics by applying this technology."

Alnylam and Inex have executed an agreement under which Alnylam has the option to take worldwide exclusive licenses to use Inex's liposomal technology for RNAi therapeutics directed to specific gene targets. Alnylam will pay option fees to Inex and, in connection with any exclusive license it subsequently takes, license fees, milestone payments and royalties on product sales. In addition, Alnylam and Inex have entered into a research collaboration under which the two companies will explore the potential of various liposomal formulations for delivery of RNAi therapeutics.

"As pioneers in the development of lipid-based drug delivery systems, we are enthusiastic about joining forces with the pioneers in RNAi therapeutics to explore novel delivery solutions for this exciting new class of drugs," said Timothy M. Ruane, President and Chief Executive Officer of Inex. "By taking advantage of the leadership of each company in its respective field, we expect this relationship to significantly accelerate the development of truly novel drugs for important diseases."

Alnylam also announced today that it has executed an agreement with M.I.T. granting the company an option to take licenses to novel liposomal drug delivery systems that are being developed in the laboratory of Professor Robert S. Langer. Early preclinical testing has indicated that these novel delivery systems offer considerable promise for systemic delivery of RNAi therapeutics.

"We are very enthusiastic about our new formulation technology being developed for siRNA delivery," said Robert S. Langer, Ph.D., Institute Professor at M.I.T. "Based on Alnylam's encouraging data published today in Nature, we believe this approach holds considerable promise for the delivery of innovative medicines that harness the RNAi pathway to address human disease."
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