Alnylam's monster deal with Roche for non-exclusive rights to the biotech's RNAi platform across four therapeutic areas sets the bar for technology platform monetization. Not only is Alnylam gaining $331 million in upfront payments, it can turn around and re-license those same rights at any time. Roche is for the first time making a splash in RNAi, which it and other companies are betting will be a new therapeutic modality.
$331 million in up-front payments—and potentially much
more to boot—has bought Roche
access to a small but decidedly non-exclusive club.
In a broad deal with Alnylam Pharmaceuticals Inc. valued by the companies potentially in excess of $1 billion, Roche...