Novartis to Buy Big Stake in Alnylam as Part Of RNAi Alliance; Deal Could Be Worth $700M | GenomeWeb

Alnylam Pharmaceuticals announced this week that it has struck an RNAi drug discovery and development alliance with Novartis Pharmaceuticals. The deal will bolster Alnylam's coffers with millions in upfront fees and equity investments, and calls for Novartis to take a 19.9 percent equity stake in the RNAi-based drugs developer.

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