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RNA-targeting small molecule play Arrakis taps Roche as first pharma partner

For its first partnership, RNA-targeting therapeutics developer Arrakis has chosen Roche for a multitarget deal that lands the biotech a $190 million upfront payment, while allowing it to remain an independent company with an eye on an eventual listing.

Arrakis Therapeutics Inc. will grant Roche (SIX:ROG; OTCQX:RHHBY) options to obtain rights to therapies Arrakis will develop against an undisclosed number of prespecified targets. The biotech will perform preclinical work until

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