8 February 2012

Silence mute on rumours

10/08/2007 Robert Tyerman

Gene specialist Silence Therapeutics would not comment today on City suggestions of a major drug group tie-up.

Drug giant AstraZeneca holds nearly three per cent of Silence, a leading specialist in RNA (ribonucleic acid) interference, which can repress genes linked to the onset of disease. The Square Mile is abuzz with suggestions that Astra or another major pharmaceutical concern is interested in a corporate deal.

Finance director Melvyn Davies says the company is ‘in talks at all times’ about potential product licensing deals. A Silence adviser insists the company does not comment on rumours.

At 108p, this former growth stock retains some speculative appeal.

Sector: Pharmaceuticals & Biotechnology

Companies: Silence Therapeutics

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