Alnylam Pharmaceuticals, Inc. (Nasdaq: ALNY), a leading RNAi therapeutics company, announced today that it has earned a development milestone payment from GlaxoSmithKline (GSK), totaling $3.2 million. The milestone payment is related to progress in the companies' collaboration on the use of VaxiRNA™ technology for the production of GSK influenza vaccine. Alnylam's VaxiRNA platform uses RNAi technology for the enhanced manufacturing of vaccine products.
“We have made important progress with GSK in advancing Alnylam's VaxiRNA technology, and are pleased to have achieved a key milestone in our collaborative effort”
"We have made important progress with GSK in advancing Alnylam's VaxiRNA technology, and are pleased to have achieved a key milestone in our collaborative effort," said Rachel Meyers, Ph.D., Vice President, Research and RNAi Lead Development. "At Alnylam, we continue to pioneer innovative applications of our RNAi platform that could have a transformative impact in medicine and the biopharmaceutical industry at large. Our VaxiRNA platform is representative of this strategy, where RNAi technology is being used to increase virus titers in the production of vaccine products. With GSK, we are applying RNAi technology with the aim to enhance influenza vaccine production in cell culture. We look forward to continuing our efforts in this strategic collaboration."