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Arrowhead gets $35m bargain for Novartis RNAi assets with Alnylam targets

 
• By Mandy Jackson

Arrowhead Research president and CEO Christopher Anzalone courted Novartis for more than a year before the Pasadena, California-based biotechnology company signed an agreement to buy the Novartis's RNA interference (RNAi) portfolio, but he doesn't expect the $35m acquisition to immediately yield new clinical programs.

Arrowhead Research president and CEO Christopher Anzalone courted Novartis for more than a year before the Pasadena, California-based biotechnology company signed an agreement to buy the Novartis's RNA interference (RNAi) portfolio, but he doesn't expect the $35m acquisition to immediately yield new clinical programs.

In fact, Dr Anzalone is the first to admit that the transaction, in which Arrowhead will pay $10m in cash and issue $25m in stock to Novartis, was a technology play more than a drug candidate-driven deal

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Final Chance To Have Your Say: Take Scrip's Reader Survey This Week

 
• By Eleanor Malone

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• By Andrew McConaghie

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• By Andrew McConaghie

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• By Kevin Grogan

An ‘historic economic prosperity deal’ does not include the sector.

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• By Joseph Haas

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