Marina Biotech could earn $99 million from SMARTICLES licensing deal

7 February 2017

US biopharma firm Marina Biotech (OTCQB: MRNA) has entered into a license agreement regarding its SMARTICLES platform for the delivery of nanoparticles including small molecules, peptides, proteins and biologics.

This represents the first time that the company's SMARTICLES technologies have been licensed in connection with nanoparticles delivering small molecules, peptides, proteins and biologics. Under terms of the agreement, Marina could receive up to $90 million in success based milestones.

Further details of the agreement, including the name of the company licensing the technology, were not disclosed. However, news of the deal sent Marina’s share soaring 47.3% to $0.20 by mid-morning trading.

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