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Protiva lands fee in Merck RNAi tech deal
Canada's Protiva Biotherapeutics dropped litigation against Merck subsidiary Sirna Therapeutics when it inked a deal to share its RNAi technology with the pharma giant. Protiva has developed Stable Nucleic Acid-Lipid Particles, or SNALPs, that are used to deliver interfering RNA to cells. Protiva landed an undisclosed upfront fee and a royalty share on any new therapies that use the technology.
- see this release
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