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Tekmira, Bristol-Myers reach gene deal

TORONTO, May 10 (Reuters) - Canadian biotechnology company Tekmira Pharmaceuticals said on Monday that Bristol-Myers Squibb will use its gene technology for additional research. Bristol-Myers will pay Vancouver-based Tekmira $3 million to use its gene silencing technology. Tekmira is responsible for providing a number of gene batches over the four-year agreement. Bristol-Myers will have the first right to negotiate a licensing agreement on certain gene products developed by Tekmira. ($1=$1.02 Canadian) (Reporting by Scott Anderson; Editing by Derek Caney) Keywords: TEKMIRA/ (scott.anderson@reuters.com; +1 416 941 8106; Reuters Messaging: scott.anderson.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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