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SWISS GIANT ROCHE ACQUIRES MADISON FIRM MIRUS FOR $125M.(BUSINESS)
- Article from:
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The Capital Times (Madison, WI)
- Article date:
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July 22, 2008
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Copyright informationCOPYRIGHT 2008 Capital Newspapers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: The Capital Times
Swiss pharmaceutical and biotech giant Roche has acquired Madison-based Mirus Bio Corp. for $125 million, the two companies announced Tuesday.
Mirus Bio is a leader in RNAi (ribonucleic acid interference) technology, a method of determining how genes are turned off and on in cells, with new medicines emerging from RNAi that could prevent disease-causing proteins from being made.
According to a press release from Mirus Bio, Roche will maintain the RNAi research site in Madison.
"The expertise, resources and commitment that Roche brings to the RNAi field makes Roche an ideal partner for Mirus," said Mirus ...
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