Introgen sells 7.5M Silence Thera shares

28 January 2008

USA-based Introgen Therapeutics has sold approximately 7.5 million shares in UK RNAi developer Silence Therapeutics for 56.75 pence each. Silence's chief executive, Iain Ross, said that proceeds from the sale, which attracted purchases by both existing and new investors, would be used to further its product development activities. Introgen chief executive David Nance said that the divestiture would not affect its existing partnership with the UK firm.

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