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Marina Biotech Acquires Late-Stage Program From Turing

Marina to pursue Phase 3 studies for use of intranasal ketamine in mul

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Marina Biotech, a nucleic acid-based drug discovery and development company focused on rare diseases, and Turing Pharmaceuticals have executed a term sheet under which Marina intends to acquire Turing’s intranasal ketamine program. Pending the negotiation of the definitive agreement, Marina is expected to acquire Turing’s intranasal ketamine program for approximately 53 million Marina common shares. The assets to be acquired will include all patents and intellectual property right...

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