Dicerna leaps on news of NASH collaboration with German pharma major
Shares of Dicerna Pharmaceuticals (Nasdaq: DRNA), a US developer of investigational RNA interference (RNAi) therapeutics, rocketed up 31.56% to $7.42 by late morning, on the news of a lucrative collaboration with a German pharma company.
Dicerna and family-owned Boehringer Ingelheim have inked research collaboration and license agreement to discover and develop novel GalXC RNAi therapeutics for the treatment of chronic liver diseases.
The partnership will initially focus on nonalcoholic steatohepatitis (NASH), a devastating, chronic liver disease for which there is no approved treatment option at present.
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