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They’re locked and loaded

RNA deal with Wyeth could mean as much as $847 million to Santaris even before royalties
Written byJeffrey Bouley
| 3 min read

COLLEGEVILLE, Pa.—Wyeth Pharmaceuticals announced in mid-January that it entered into a worldwide strategic alliance with Hoersholm, Denmark-based Santaris Pharma to discover, develop and commercialize new medicines based on Santaris Pharma's proprietary Locked Nucleic Acid (LNA) drug platform, which allows specific targeting and regulation of microRNAs (miRNAs) and messenger RNAs (mRNAs) as a means to affect gene expression mediated by the targeted RNAs.

Under the terms of the agreement, Santaris Pharma will receive an upfront payment of $7 million in cash and Wyeth will make a $10 million equity investment in Santaris Pharma. Santaris could also receive further milestone payments of as much as $83 million for each of 10 potential targets on Wyeth's list. In addition, Santaris would receive royalties on the worldwide sales of all products arising from the alliance.

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