Alnylam Sheds Legal Trouble But Picks Up Manufacturing Challenge In Tekmira Settlement

Alnylam is paying Tekmira $65 million to resolve an RNAi trade secrets suit; the new licensing pact reduces Alnylam’s future milestone and royalty payments on three compounds and allows the firm to manufacture its own drug candidates.

Alnylam Pharmaceuticals Inc. settled a trade secrets suit brought by partner Arbutus Biopharma Corp. and inked a new licensing agreement that restructures their relationship. The twin actions free Alnylam from a thorny legal problem and enable it to manufacture its own drug candidates.

Under the new agreement Alnylam will make a one-time payment of $30 million to Tekmira to buy out manufacturing obligations so Alnylam can independently manufacture lipid nanoparticle (LNP) technology for RNA interference (RNAi) therapeutics

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