Market Overview

Alnylam, Tekmira Resolve All Litigation; Alnylam to Make $65M One-Time Payment

Share:
Related ALNY
Arbutus Biopharma Taken Off Of Chardan's Sell List
Watch These 5 Huge Call Purchases In Monday Trade
Cigna's Merger Is DOA - Cramer's Lightning Round (6/24/16) (Seeking Alpha)
Related TKMR
Tekmira Officially Becomes Arbutus Biopharma
5 Biotech Stocks On Deck With The FDA

Alnylam (NASDAQ: ALNY) and Tekmira Pharma (NASDAQ: TKMR) announced a settlement agreement that resolves all litigation between the companies, and has signed a new licensing agreement that restructures the relationship and provides clarity on all intellectual property and licensing issues between the companies. As a result of the restructuring and new agreements, Tekmira will receive $65 million within 10 days and is eligible to receive $10 million in near-term milestone payments expected to be received in 2013.

Posted-In: News Legal

 

Related Articles (ALNY + TKMR)

View Comments and Join the Discussion!