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Stock impact report

Alnylam and Tenaya sign $1.23bn cardiovascular target discovery deal [Yahoo! Finance]

Alnylam Pharmaceuticals, Inc. (ALNY) 
Last alnylam pharmaceuticals, inc. earnings: 2/6 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.alnylam.com/investor-overview
Company Research Source: Yahoo! Finance
Alnylam Pharmaceuticals has forged a discovery collaboration worth up to $1.23bn with cardiovascular disease specialist, Tenaya Therapeutics. Through this partnership, Alnylam will harness Tenaya's capabilities to identify up to 15 novel genetic targets involved in heart disease. In return, Alnylam will hand over up to $10m upfront, while pledging to pay out up to $1.13bn in development and commercial milestone payments linked to any drugs created through the partnership. However, Tenaya bears responsibility to yield targets up to Alnylam's standards, as the $10m upfront fee could be subject to a $500k reduction per candidate for up to eight nominated targets that don't meet the latter company's criteria. Once these targets have been identified, Alnylam and Tenaya will collaborate for around two years to mutually validate them through both in vitro and in vivo methods. Under the terms of this deal, Alnylam will reimburse Tenaya for “full-time employees and out-of-pocket costs a Show less Read more
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