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Marina Closes Cequent Facility, Consolidates R&D in Washington

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Marina Biotech announced last week that it has closed its Cambridge, Mass., operations and is consolidating all of its research and development activities at its Bothell, Wash. headquarters.

The company acquired the Massachusetts facility through its 2010 acquisition of Cequent Pharmaceuticals (GSN 4/1/2010).

Marina said that the move would not affect development of Cequent's transkingdom RNAi technology, which will continue in Washington, and that its phase I program for CEQ508, a tkRNA-based treatment for familial adenomatous polyposis, will be unchanged.

Marina President and CEO Michael French said in an e-mail that the company transitioned three positions from the Cambridge facility to Bothell, but added that certain positions associated with maintaining the bacterial component of the tkRNA technology were not relocated since Marina already has that core capability in Washington.

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