Last $0.66 USD
Change Today 0.00 / 0.00%
Volume 121.2K
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As of 5:20 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

marina biotech inc (MRNA) Snapshot

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03/13/14 - $1.79
52 Week Low
07/17/14 - $0.48
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marina biotech inc (MRNA) Details

Marina Biotech, Inc., a biotechnology company, focuses on the discovery, development, and commercialization of nucleic acid-based therapies to treat orphan diseases. Its pipeline includes CEQ508 that is in clinical program for the treatment of Familial Adenomatous Polyposis, a hereditary condition; and preclinical programs in type 1 myotonic dystrophy and Duchenne’s muscular dystrophy. The company also has a strategic alliance with Rosetta Genomics, Ltd. to identify and develop microRNA-based products to diagnose and treat various neuromuscular diseases and dystrophies. It has partnering and licensing agreements with Mirna Therapeutics, Inc.; ProNAi Therapeutics, Inc.; Monsanto Company; Avecia Nitto Denko; Novartis Institutes for Biomedical Research, Inc.; Protiva Biotherapeutics Inc.; and Arcturus Therapeutics, Inc. The company was formerly known as MDRNA, Inc. and changed its name to Marina Biotech, Inc. in July 2010. Marina Biotech, Inc. was founded in 1983 and is headquartered in Bothell, Washington.

1 Employees
Last Reported Date: 02/18/15
Founded in 1983

marina biotech inc (MRNA) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $288.1K
Interim Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

marina biotech inc (MRNA) Key Developments

Marina Biotech, Inc. Reports Consolidated Earnings Results for the Year Ended December 31, 2014

Marina Biotech, Inc. reported consolidated earnings results for the year ended December 31, 2014. For the year, the company’s license and other revenue was $500,000 against $2,115,000 a year ago. Loss from operations was $3,520,000 against $365,000 a year ago. Loss before income tax was $6,477,000 against $1,610,000 a year ago. Net loss was $6,477,000 or $0.26 per basic and diluted share against $1,571,000 or $0.09 per basic and diluted share a year ago. Net cash used in operating activities was $4,779,000 against net cash from operating activities was $285,000 a year ago. The change in net loss was due primarily to changes in the fair value of certain liabilities and derivatives, changes in other income and expenses related to debt extinguishment accounting in 2013, and increased operating expenses related to 2014 resumption of business operations.

Marina Biotech, Inc. Auditor Raises 'Going Concern' Doubt

Marina Biotech, Inc. filed its 10-K on Feb 18, 2015 for the period ending Dec 31, 2014. In this report its auditor, Wolf & Company, P.C., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Marina Biotech, Inc. and MiNA Therapeutics Announce License Agreement for the Development of saRNA-Based Therapeutics

Marina Biotech, Inc. and MiNA Therapeutics Limited announced that they have entered into a license agreement regarding the development and commercialization of small activating RNA (saRNA) based therapeutics utilizing MiNA's proprietary oligonucleotides and Marina's novel SMARTICLES nucleic acid delivery technology. MiNA will have full responsibility for the development and commercialization of any products arising under the Agreement and Marina Biotech will support pre-clinical and process development efforts. Under terms of the agreement, Marina Biotech could receive up to $50 million in total upfront, clinical and commercialization milestone payments, as well as royalties on sales, based on the successful outcome of the collaboration.


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