Marina Biotech & Mirna Therapeutics Ink Oncology Pact
Marina Biotech could receive up to $63 million in total up-front fees as well as clinical and commercialization milestone payments over and above royalties on sales.
Marina Biotech and Mirna Therapeutics have signed a license agreement regarding the development and commercialization of microRNA-based therapeutics.
Marina Biotech could receive up to $63 million in total up-front fees as well as clinical and commercialization milestone payments over and above royalties on sales. Marina Biotech separately entered into a $5 million private placement.
Under their collaboration, Mirna's miRNAs and Marina Biotech's Smarticles liposomal delivery technology will be coupled. Mirna will have full responsibility for the development and commercialization of any products arising under the agreement and Marina Biotech will support preclinical and process development efforts.
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