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Marina, ProNAi partner in exclusive license agreement
03-14-2012
SHARING OPTIONS:
BOTHELL, Wash.—Marina Biotech, Inc., formerly known as MDRNA
Inc., and ProNAi Therapeutics, Inc. have announced an exclusive license
agreement for the development and commercialization of DNAi-based therapeutics
that will utilize Marina Biotech’s novel SMARTICLES liposomal delivery
technology.
Under the terms of the agreement, ProNAi will be solely
responsible for developing and commercializing any products that result from
the partnership. Marina Biotech stands to receive up to $14 million for each
gene target in total upfront, clinical and commercialization milestone
payments, and is also eligible for royalties on sales. For its part, ProNAi has
the option to select any number of additional gene targets. Additional details
were not disclosed.
"We are extremely pleased to have entered into a
relationship with a company like ProNAi that is developing a first-in-class
nucleic acid therapeutic," J. Michael French, President and CEO of Marina
Biotech, said in a press release. "In addition, we are excited to see the
continued advancement of oligonucleotide-based therapeutics using our
SMARTICLES technology. Besides advancements within our own internal research
programs, we have now been able to establish two license agreements broadening
the application of the SMARTICLES technology to the systemic administration of
both single- and double-stranded oligonucleotide therapeutics. We look forward
to the rapid advancement of ProNAi Therapeutics' clinical pipeline and the
opportunity to bring novel therapeutics to patients in need."
ProNAi is currently conducting an open-label, single arm,
Phase I dose-escalation study of PNT2258 in patients with advanced solid
tumors. The compound is ProNAi’s first drug candidate from its DNAi drug
platform. In the study, patients will receive PNT2258 as an intravenous
infusion once daily for five consecutive days of every 21-day cycle.
"We are pleased that twenty-two patients have been
dosed with PNT2258 in our Phase I clinical trial in advanced solid tumor
patients to evaluate safety and tolerability, maximum tolerated dose,
pharmacokinetics and pharmacodynamics. PNT2258 is our first DNAi
oligonucleotide targeted against the anti-apoptotic bcl-2 oncogene and
encapsulated in Marina's SMARTICLES technology,” Charles L. Bisgaier, Ph.D.,
President and CEO of ProNAi Therapeutics, said in press release. “This novel
delivery technology offers protection for the DNAi oligonucleotide during
systemic administration with good circulation times and extrahepatic tumor
exposure.
“DNAi are short single-strand unmodified oligonucleotides
designed to silence genes by interfering with DNA. The DNAi silencing approach
is differentiated from that of RNAi, antisense or miRNA in that it targets
genomic sequences within the non-coding region of DNA disrupting
transcription,” Bisgaier continued. “The progress and delivery validation in
the clinic this past year on the novel DNAi-SMARTICLES formulation gives us
confidence to bring forward more first-in-class drug candidates alone or with
partners. ProNAi is now positioned to advance additional cancer therapies from
its pre-clinical leads targeting other oncogenes such as c-myc and k-ras while
also exploring other disease targets in areas such as inflammation and genetics
diseases.”
SOURCE: Marina Biotech press release Code: E03141201 Back |
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