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Tekmira Receives Milestone from Monsanto

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NEW YORK (GenomeWeb) – Tekmira Pharmaceuticals this week announced that it has received a $1.5 million milestone payment from ag-bio firm Monsanto under the terms of a technology-licensing deal.

Earlier this year, Monsanto signed a four-year deal picking up access to Tekmira's proprietary lipid-based RNAi delivery technology for use in agricultural applications. Shortly after the arrangement was announced, Tekmira received a $14.5 million milestone.

According to Tekmira, the latest payment was triggered by the achievement of undisclosed program developments.

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