E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/9/2006 in the Prospect News Biotech Daily.

Gen-Probe licenses HPA technology to Alnylam

By Lisa Kerner

Erie, Pa., March 9 - Gen-Probe Inc. has licensed to Alnylam Pharmaceuticals, Inc. non-exclusive rights to use Gen-Probe's hybridization protection assay (HPA) technology in the development of therapeutic RNA interfering (RNAi) molecules, according to a company news release.

Financial terms of the licensing agreement were not disclosed.

"This agreement enables us to generate economic value from our proprietary technologies in an exciting, growing area that is outside our molecular diagnostic focus," vice president of corporate development Martin Edelshain said in the release.

Alnylam develops therapeutics based on RNAi, a naturally occurring mechanism within cells for selectively silencing specific genes that could lead to new disease treatments, the company said.

Gen-Probe's HPA technology detects circulating RNAi molecules using a specific DNA probe labeled with a light-emitting acridinium ester detector molecule, the release stated.

With the HPA technology, researchers can eliminate time-consuming amplification steps, according to the company.

San Diego-based Gen-Probe develops, manufactures and markets nucleic acid tests used to diagnose human diseases and screen donated human blood.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.