Santaris Pharma in deal with GlaxoSmithKline to develop RNA-targeted medicines
Santaris Pharma, a Denmark-based clinical-stage biopharma company, has signed an agreement with UK drug giant GlaxoSmithKline (LSE: GSK), whereby, under an option right, GSK gains access to Santaris' Locked Nucleic Acid (LNA) technology to develop RNA-targeted medicines.
Under the terms of the accord, GSK can obtain rights to utilize Santaris’ proprietary Locked Nucleic Acid (LNA) Drug Platform to research, develop and commercialize LNA-medicines targeted against up to three targets. Financial details on the deal were not disclosed.
"We are delighted to do this new deal with GSK," said Henrik Oerum, chief scientific officer and vice president business development of Santaris, adding: "This is the sixth partner deal we have concluded in the past 12 months with pharmaceutical and biotech companies, so it has really been a spectacular year for Santaris Pharma."
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