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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Silence Therapeutics Plc | LSE:SLN | London | Ordinary Share | GB00B9GTXM62 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 535.00 | 521.00 | 524.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSLN
RNS Number : 8685W
Silence Therapeutics PLC
20 November 2017
Update on litigation matters
20 November 2017
Silence Therapeutics plc, AIM:SLN ("Silence" or "the Company") a leader in the discovery, delivery, and development of novel RNA therapeutics for the treatment of serious diseases with unmet medical need, announces an update on litigation matters. Previously, Alnylam UK Limited and The Medicines Company UK Limited sued to revoke the relevant Silence European patent EP 2 258 847B in the UK, and also included claims for declarations of non-infringement of EP 2 258 847B by certain Alnylam products.
Silence has now served its Defence in the actions initiated by Alnylam and The Medicines Company and has counterclaimed for threatened infringement of the Silence European patent EP 2 258 847B by these companies. If successful, products including patisiran, fitusiran, givosiran and inclisiran will be found to infringe EP 2 258 847B.
Further, Silence notes that Alnylam and The Medicines Company are yet to serve their respective Defences in relation to the earlier served action brought by Silence for a declaration as to its entitlement to claim SPC protection on products containing the above-named active substances.
Silence continues to regard these actions from all parties as simply "normal course of business" at the commencement of litigation, and continues to believe that certain Alnylam products require a licence under the Silence patent estate.
Ali Mortazavi, Chief Executive Officer of Silence Therapeutics, commented:
"We continue to believe that our fundamental chemical modification technology is core foundational innovation for today's RNAi sector, and that therefore those companies using such modification technology within the scope of our Intellectual Property (IP) will require a licence."
Enquiries:
Silence Therapeutics plc Tel: +44 (0)20 Ali Mortazavi, Chief Executive 3457 6900 Officer David Ellam, Chief Financial Officer Peel Hunt LLP (Nominated Adviser Tel: +44 (0)20 and Broker) 7418 8900 James Steel/Oliver Jackson Media Enquiries: Tel: +44 (0) FTI Consulting 20 3727 1000 Simon Conway/Brett Pollard/Stephanie Cuthbert
Notes to Editors
About Silence Therapeutics plc
Silence Therapeutics develops a new generation of medicines by harnessing the body's natural mechanism of RNA interference, or RNAi, within its cells. Our proprietary technology can selectively inhibit any gene in the genome, specifically silencing the production of disease-causing proteins. Using our enabling delivery systems, we have achieved an additional level of specificity by delivering our therapeutic RNA molecules exclusively to target cells. Silence's proprietary RNA chemistries and delivery systems are designed to improve the stability of our molecules and enhance effective delivery to target cells, providing a powerful modular technology well suited to tackle life-threatening diseases.
This information is provided by RNS
The company news service from the London Stock Exchange
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November 20, 2017 02:00 ET (07:00 GMT)
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