Tekmira announced that it has signed an agreement with Halo-Bio RNAi Therapeutics Inc to acquire worldwide exclusive license to novel RNAi platform called MV-RNA or multivalent RNA.
The companies will work together to design and develop MV-RNA molecules to target the gene of interests to Tekmira. In addition, the company plan to combine MV-RNA molecules with its lipid nanoparticle technology to develop therapeutic products.
The MV-RNA technology works to silence multiple molecular targets with a single molecule and hence it has potential to work on multiple pathways to treat a certain disease. The company said MV-RNA can ind to the RNA induced silencing complex more efficiently and thus decreases the off target effects of the RNAi drugs.
No financial term was disclosed.
The companies will work together to design and develop MV-RNA molecules to target the gene of interests to Tekmira. In addition, the company plan to combine MV-RNA molecules with its lipid nanoparticle technology to develop therapeutic products.
The MV-RNA technology works to silence multiple molecular targets with a single molecule and hence it has potential to work on multiple pathways to treat a certain disease. The company said MV-RNA can ind to the RNA induced silencing complex more efficiently and thus decreases the off target effects of the RNAi drugs.
No financial term was disclosed.