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Regulus Therapeutics said this week that it has formed a new collaboration with British drugs giant GlaxoSmithKline to develop drugs targeting microRNA-122, with hepatitis C infection as the lead indication for the effort.

Under the deal, Regulus will receive upfront payments and early-stage milestones, with the potential to earn more than $150 million, as well as tiered royalties up to double digits on the worldwide sale of products resulting from the alliance.

Additional terms were not disclosed.

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