Billions to play for in AbbVie and ADARx siRNA tie-up
Chicago-based pharma major AbbVie (NYSE: ABBV) and privately-held San Diego biotech ADARx Pharmaceuticals have announced a collaboration and license option agreement to develop small interfering RNA (siRNA) therapeutics across multiple disease areas, including neuroscience, immunology and oncology.
The strategic collaboration will make use of ADARx's RNA discovery expertise and proprietary siRNA technology, which has the potential to enable sustained and precise mRNA silencing.
AbbVie, meanwhile, will contribute its expertise in antibody engineering, antibody drug conjugates (ADCs) and tissue delivery approaches as appropriate, to augment ADARx's discovery efforts.
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