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GlaxoSmithKline Makes Milestone Payment to Alnylam Pharmaceuticals 08/14/2012

Posted by Morse, Barnes-Brown Pendleton in Client News.
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Alnylam Pharmaceuticals, Inc.In November 2011 MBBP client Alnylam Pharmaceuticals, Inc. entered into a partnership with pharmaceutical giant GlaxoSmithKline plc. (GSK) relating to  use of its RNA interference technology to enhance GSK’s vaccine products. On July 30th the partnership paid off, as Alnylam received a $3.2 million milestone payment from GSK with a possibility of future payments on unit product sales if its VaxiRNA technology is successfully applied in the manufacturing of a commercial vaccine.

Congratulations Alnylam Pharmaceuticals!

To learn more, please see the full article in the Boston Business Journal.

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