Sirius Therapeutics, a clinical-stage biotech company specializing in small interfering RNA (siRNA) therapies, has entered into a strategic partnership with CRISPR Therapeutics. The collaboration aims to develop and commercialize siRNA therapies for global markets. Under the agreement’s terms, CRISPR Therapeutics will provide an upfront payment of $25 million in cash and $70 million in equity to Sirius.
Cooley LLP advised Sirius on this deal. The legal team included Alan Tamarelli, Jiqiang Lin, Navya Dasari, Aaron Pomeroy, Todd Gluth, Rick Jantz, Steve Przesmicki, Robert Eisenbach, Rachel Thorn, and David Burns.
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