Business
    Next Score View the next score

    Mass. mover

    Alnylam Pharmaceuticals settles legal battle

    Alnylam and Tekmira entered a settlement.
    istockphoto.com
    Alnylam and Tekmira entered a settlement.

    Alnylam Pharmaceuticals Inc., a Cambridge company looking to develop therapeutics based on RNA interference, said it has restructured its relationship with Tekmira Pharmaceuticals with a new licensing agreement. It also said the companies have resolved all litigation between them. Tekmira will receive $65 million, and is eligible to receive $10 million in near-term milestone payments. The litigation involved intellectual property rights of lipid nanoparticle technology, Tekmira said.

    Advertisement