Quark Pharmaceuticals announced this week that it has formed a collaboration with Japan's Nitto Denko to develop siRNA-based drugs for fibrotic diseases.

The deal, Quark said, will combine its expertise and intellectual property related to siRNA design with Nitto Denko's drug-delivery technologies.

The collaboration will have an initial budget in the "double-digit" millions of dollars, and is expected to yield an investigational new drug application by early 2012, Quark added.

Additional terms were not disclosed.

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