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Venture-Backed Dicerna Cuts First Pharma Deal With Kyowa Hakko Kirin As Prelude to 'B' Round

This article was originally published in PharmAsia News

Executive Summary

As it looks for a new investor to lead its second round of funding, RNA interference start-up Dicerna Pharmaceuticals has signed its first big-pharma customer. Japan's Kyowa Hakko Kirin will pay $4 million up-front and as much as $120 million in milestones to develop therapeutics around an undisclosed solid-tumor cancer target using Dicerna's technology

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RNAi Specialist Dicerna Takes $25MM Series B

With two corporate alliances in hand, the startup looks to a new lead investor for cash to help move its lead programs toward clinical development.

RNAi Specialist Dicerna Takes $25MM Series B

With two corporate alliances in hand, the startup looks to a new lead investor for cash to help move its lead programs toward clinical development.

Start-Up Quarterly Statistics, Q1 2010

Highlights from the Q1 2010 review of start-up dealmaking: Biopharma, medical device and in vitro diagnostics startups raised a total of $331 million, a 66% drop from the previous quarter's $976 million, and a 52% slide from Q1 2009. As was the case in Q4 2009, Series B rounds dominated in the biopharma and device sectors. Just one acquisition closed in the quarter - BioMarin buying LEAD Therapeutics - however two others are in the works. On the alliance front, SpePharm and Dicerna each signed two deals in Q1.

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