Wednesday, March 29, 2006, 3/29/2006 12:23:00 PM

Protiva Biotherapeutics Files Suits Against Inex Pharmaceuticals and Sirna Therapeutics

From Genetic Engineering News, two companies, formerly collaborators in the field of interfering RNA (siRNA) therapeutics, are now at loggerheads with claims of misappropriation of trade secrets and anti-competitive behavior.

Protiva Biotherapeutics has filed two lawsuits -- one in British Columbia and one in California state court -- against Inex Pharmaceuticals and Sirna Therapeutics, respectively. The California case claims that Sirna misappropriated trade secrets Protiva shared in confidence when they were working together in a strategic alliance.

Expect to hear more on this case.

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