Silence Reports Higher 1H Loss on Special Charge | GenomeWeb

Silence Therapeutics last month released its financial results for the first six months of 2012, reporting a sharply increased net loss on charges related to its decision to drop its license to certain RNAi intellectual property.

For the six-month period ended June 30, Silence's net loss jumped to £25.5 million ($40.8 million), compared with £3.4 million in the same period a year earlier. Driving the loss up was a £20.4 million write-off of goodwill related to Intradigm, a California-based RNAi drug developer acquired by Silence in 2010.

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