Alnylam Novartis Collaboration and License Agreement
defined number of selected targets to discover and develop therapeutics based on RNA interference (“RNAi”)
up-front payments totaling M$10
Novartis will provide research funding and milestone payments as well as royalties
Novartis with a non-exclusive option to integrate the Company’s intellectual property relating to certain RNAi technology into Novartis’ operations under certain circumstances (the “Integration Option”) for additional payments
Alnylam retains the right to commercialize compounds not selected by Novartis, provided that Novartis has a right of first offer with respect to any such target.
Alnylam recognized $5.5 million and $14.3 million in revenues during the three and nine months ended September 30, 2006 and has $10.2 million of deferred revenue on its balance sheet related to such agreements at September 30, 2006.
up-front payments totaling M$10
Novartis will provide research funding and milestone payments as well as royalties
Novartis with a non-exclusive option to integrate the Company’s intellectual property relating to certain RNAi technology into Novartis’ operations under certain circumstances (the “Integration Option”) for additional payments
Alnylam retains the right to commercialize compounds not selected by Novartis, provided that Novartis has a right of first offer with respect to any such target.
Alnylam recognized $5.5 million and $14.3 million in revenues during the three and nine months ended September 30, 2006 and has $10.2 million of deferred revenue on its balance sheet related to such agreements at September 30, 2006.
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