Alnylam terminates deal with Merck & Co
Alnylam Pharmaceuticals, an RNAi therapeutics company, says it has mutually agreed with US drug major Merck & Co to terminate their July 2006 amended and restated agreement. As a result, Alnylam has rescinded all grants of its intellectual property related to current and future Merck development programs, including the partnership's former co-development programs.
"It is fundamentally in our best interests to terminate our Merck collaboration," said John Maraganore, chief executive of Alnylam, adding: "we wish our colleagues at Merck the best of luck in their efforts."
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