RaNA acquisition creates one of broadest RNA-based platforms

5 January 2017

US biotech RaNA Therapeutics has announced the acquisition of the MRT platform, an mRNA therapy platform, developed by subsidiaries of Shire (LSE: SHP).

Under the terms of the agreement, Shire receives an unspecified equity stake in RaNA and is eligible for future milestones and royalties on products developed with the technology. Further financial terms were not disclosed.

The former MRT employees from the Ireland-incorporated drugmaker, the group focused on the development of this technology since 2008, have joined RaNA to continue to advance the platform with lead programs in cystic fibrosis (CF) and urea cycle disorders (UCD).

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