Navigation Links
Nastech to Establish Subsidiary, MDRNA, Inc., as an Independent Company to Focus on the Development of RNA-Based Therapeutics
Date:11/13/2007

BOTHELL, Wash., Nov. 13 /PRNewswire-FirstCall/ -- Nastech Pharmaceutical Company Inc. ("Nastech") (Nasdaq: NSTK) announced today that the Board of Directors has approved the recommendation of its Special Committee to move forward with the process of establishing Nastech's wholly-owned subsidiary, MDRNA, Inc. ("MDRNA"), as an independent company. Nastech is transferring its intellectual property and agreements related to RNA interference ("RNAi") into MDRNA. The new structure will give Nastech the ability to pursue independent investment to fund MDRNA's operations. Nastech plans to pursue such funding in the near-term, subject to market conditions, and expects to retain significant ownership in MDRNA following such financing. In addition, Nastech intends, subject to change based on market conditions or future change in strategy, to thereafter issue a dividend to Nastech's shareholders of a portion of the MDRNA equity held by Nastech, and to effect the public trading of those securities through a Form 10 filing.

The planned change in corporate structure will enable Nastech to continue its focus on the development of peptide and protein drug delivery technologies while better positioning MDRNA for strategic alliances and direct investment as it develops RNAi therapeutics targeting a broad range of diseases. The establishment of MDRNA as an independent company will also allow it to be better compared and valued relative to other companies in the field of RNAi therapeutics.

"The establishment of MDRNA as an independent company will better serve our shareholders by providing a structure which will help us unlock the value of Nastech's RNAi assets as well as expedite the development of new therapeutics based on t
'/>"/>

SOURCE Nastech Pharmaceutical Company Inc.
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. Nastech Pharmaceutical Company Announces Promotion of Rick Costantino, Ph.D., to Chief Scientific Officer of Delivery
2. Nastech Pharmaceutical Company Announces the Jeffrey Wenig Memorial Award for Outstanding Achievement in Drug Delivery
3. Nastech Pharmaceutical Company Initiates Plan for Corporate Restructuring and Will Concentrate on Phase 2 Clinical Programs
4. Teens who see more smoking in movies may have increased risk of becoming established smokers
5. LifeNet Health Establishes The Skin & Wound Allograft Institute
6. Carnegie Mellon Establishes Ray and Stephanie Lane Center for Computational Biology
7. AT&T Establishes New Network Services for Leading Medical Liability Insurer
8. University Hospitals Ireland Cancer Center and Funky Winkerbean Cartoonist Tom Batiuk Establish Lisas Legacy Fund for Cancer Research and Education
9. Establishment of Topps Meat Recall Registry for Victims of E. Coli Poisoning
10. Hofstra University to Establish New School of Medicine, Partnering with the North Shore-LIJ Health System
11. Conference on Elephant Tuberculosis Research Establishes Action Plan at International Symposium on Elephant Conservation
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... Florida (PRWEB) January 22, 2015 Juvent ... today at the 2015 PGA Merchandise Show to bestow ... and incredible female amateur golfer, Arlene McKitrick. The award ... female amateur golf tournament win. She won her first ...
(Date:1/22/2015)... 22, 2015 Autocarinsurancebest.com has released a new ... commercial auto insurance policy . , Auto insurance quotes ... It is no longer necessary to call an agent or ... available online on a single website: http://autocarinsurancebest.com/ . , ...
(Date:1/22/2015)... Joan Lunden, award-winning American journalist, beloved television ... 32nd Annual Miami Breast Cancer Conference planned ... (PER®) , shares that “a fast-growing, virulent” cancer in ... had not followed up her clean mammogram with an ...
(Date:1/22/2015)... January 23, 2015 Recently, Weddingshe.com has added ... and has announced its highest annual revenues in the past ... its popular glamorous wedding dresses. , According to the sales ... wedding dress promotions for them in 2015. This point can ...
(Date:1/22/2015)... Payday lending practices in four southern states worsen ... to the states that permit them, according to a ... Race and Wealth. , While they generate hundreds of ... the same time substantially depress economic activity, according to ...
Breaking Medicine News(10 mins):Health News:All-Time Leading Female Amateur Golfer Arlene McKitrick Receives Juvent Sports Achievement Award at 2015 PGA Show 2Health News:All-Time Leading Female Amateur Golfer Arlene McKitrick Receives Juvent Sports Achievement Award at 2015 PGA Show 3Health News:Commercial Auto Insurance Provides Several Important Features! 2Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 2Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 3Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 4Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 5Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 6Health News:Weddingshe Announces A Special Offer On Its Popular Glamorous Wedding Dresses 2Health News:Howard University Spotlights the Economic Impact of Payday Lending in Southern States 2
... Dentists Insurance Company (TDIC) and TDIC Insurance Solutions have ... president and CEO. Richardson begins his new position on ... than 20 years of management, administrative, public policy and ... Deputy Commissioner for the California Department of Insurance. In ...
... WESTBROOK, Maine, May 28 IDEXX Laboratories, Inc. (Nasdaq: ... the William Blair & Company 29th Annual Growth Stock Conference. ... presentation on the Company on Tuesday, June 9, 2009 at ... Illinois. Individuals can access the live audio webcast of the ...
... Cerebral Palsy (UCP) of Central Arizona has been ... over twenty-five years. Locally and nationally Circle ... the organization that provides comprehensive programming to over ... cerebral palsy, autism, down syndrome, developmental delays and ...
... not certain that a broad-based immunization program will be ... vaccine for the H1N1 swine flu virus could be ... pace this summer, a leading U.S. health official said ... manufacturers. But federal officials will have to monitor the ...
... says it,s an improvement over fusion surgery , , THURSDAY, ... system that may preserve some range of motion in ... U.S. Food and Drug Administration. , The Scandinavian Total ... type and uses bearings that move across a surface ...
... of mission critical transportation, service/spare parts logistics, and integrated supply chain ... (FSL,s). , ... Broomfield, CO (Vocus) -- Network ... service/spare parts logistics , and integrated supply chain solutions ...
Cached Medicine News:Health News:TDIC and TDIC Insurance Solutions Select Former California Department of Insurance Deputy as CEO 2Health News:Children and Adults with Disabilities Benefit from Circle K's Unwavering Commitment 2Health News:Swine Flu Vaccine Won't Be Ready Until October: CDC 2Health News:Swine Flu Vaccine Won't Be Ready Until October: CDC 3Health News:Swine Flu Vaccine Won't Be Ready Until October: CDC 4Health News:Swine Flu Vaccine Won't Be Ready Until October: CDC 5Health News:Swine Flu Vaccine Won't Be Ready Until October: CDC 6Health News:Swine Flu Vaccine Won't Be Ready Until October: CDC 7Health News:Swine Flu Vaccine Won't Be Ready Until October: CDC 8Health News:Swine Flu Vaccine Won't Be Ready Until October: CDC 9Health News:Swine Flu Vaccine Won't Be Ready Until October: CDC 10Health News:Swine Flu Vaccine Won't Be Ready Until October: CDC 11Health News:Ankle Replacement System Lets Feet Move 2Health News:NGL Expands Global Network to Service Parts Logistics Customers 2Health News:NGL Expands Global Network to Service Parts Logistics Customers 3
(Date:1/23/2015)... LAS VEGAS , Jan. 23, 2015 Cord Blood ... CBAI ) ("CBAI" or the "Company")  filed a Preliminary Proxy ... ( www.sec.gov ) today, and provides an update for shareholders ... authorized shares is requested. Dear Shareholders, ...
(Date:1/23/2015)... DUBLIN , Jan. 23, 2015  Mallinckrodt plc (NYSE: ... of Directors has approved a share repurchase program. The ... $300 million of Mallinckrodt plc ordinary shares. ... opportunities remain top priorities as we continue to pursue ...
(Date:1/23/2015)... , Jan. 23, 2015 Tianyin Pharmaceutical Inc. ... that specializes in the development and sale of patented ... and active pharmaceutical ingredients (API) today announced the business ... API operation. 1. Following the September 2014 ...
Breaking Medicine Technology:Cord Blood America Announces Preliminary Proxy Filing and Details Why a "YES" Vote to Increase Authorized Shares Is Requested 2Cord Blood America Announces Preliminary Proxy Filing and Details Why a "YES" Vote to Increase Authorized Shares Is Requested 3Cord Blood America Announces Preliminary Proxy Filing and Details Why a "YES" Vote to Increase Authorized Shares Is Requested 4Mallinckrodt plc Announces Share Repurchase Program 2Mallinckrodt plc Announces Share Repurchase Program 3Mallinckrodt plc Announces Share Repurchase Program 4TPI's JCM Updates on Import Registration for International Clients 2TPI's JCM Updates on Import Registration for International Clients 3TPI's JCM Updates on Import Registration for International Clients 4
... Sept. 16, 2011 Medical Imaging of Fredericksburg ... Imaging Economics,  Best of 2011 Radiology ... and radiology practices. In an article ... noted that Medical Imaging of Fredericksburg, a partnership ...
... 2011 Siemens has appointed Kurt D. Bettenhausen ... company,s U.S. research & development (R&D) division. Siemens ... science and emerging technologies, including new imaging processes ... in energy efficiency to reduce building energy consumption, ...
Cached Medicine Technology:Medical Imaging of Fredericksburg Highlighted in Imaging Economics' Best of 2011 Radiology Facilities Issue 2Siemens Appoints New R&D Head for the U.S. 2
Microwell Plate Accessories...
Sealing tape featuring 3M adhesive technology. Superior optical properties. Low autofluorescense. Some residue will remain if using DMSO. Non-tacky to skin and gloves....
Sealing tape, white Rayon, breathable, NS...
Sealing tape featuring 3M adhesive technology. Compatible with DMSO. Good optical quality. Minimal autofluorescence....
Medicine Products: