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Arrowhead Research Corp. Message Board

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  • rnai_inv rnai_inv Jan 20, 2012 11:46 AM Flag

    Alnylam to lay off one third of workers

    Biggest company in rnai with lots of cash says: we are cutting costs as much as possible to focus on just 2 core products and will try to partner alsmost everything else we have. What does this say about possibilities of raising cash, favorable upfront payments etc?

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    • Seems to me that the Anylyn CEO realizes the siRNA cookie tray isn't going to be passed around any again time soon. To that end he switching from a pie in the sky to a show me the money strategy. It wouldn't surprise me if he took some of the $250MM and purchased a more conventional drug in later stage trials. If you followed Millenium's history were in the same boat(different technology) and did just that. MLNM was sold for $8BB mostly because of the purchased technology.

      ARWR isn't quite in the same place. They have such a low market cap that if they can produce an steady income stream of say $5MM/yr from any of the several technologies they've liscensed, that should be enough to get lift off(in my opinion)...providing it's before they run out of cash.

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