EDIRNA is a start-up biotech company focusing on RNA-Editing therapeutics and taking advantage of the Group's proprietary technology platforms for novel RNA medicine. EDIRNA has formed an experienced management team led by a seasoned biopharma executive, Christopher W. Kennedy, as its President and Chief Executive Officer. EDIRNA is poised to advance its research and development efforts on novel therapeutics for treatments of genetic disorders and cancers. The strategic partnership between the Company and EDIRNA includes providing an initial funding and an exclusive licensing of the proprietary technologies for RNA-Editing application from Sirnaomics to EDIRNA.

"Sirnaomics continues to look for innovative ways to deliver cutting-edge technologies that address current unmet needs, while utilizing the Company's well-validated RNA delivery, RNA modification, large scale manufacturing and clinical development technologies and know-hows," said Dr. Patrick Lu, Founder, Chairman of the Board, Executive Director, President and Chief Executive Officer of Sirnaomics. "The RNA-Editing market is evolving rapidly, and our team is committed to using our domain expertise to build a strategic partnership with EDIRNA that align with our ultimate mission of improving health outcomes for patients."

President and Chief Executive Officer of EDIRNA, Christopher W. Kennedy indicates, "We are grateful for the opportunity to build the strategic partnership with a global leader in the RNA-medicine space. The equity investment and intellectual property endowment from Sirnaomics will greatly empower our efforts to accomplish our strategic mission: discovery and development of novel RNA-Editing therapeutics for treatments of genetic disorders, cancers and other unmet clinical needs."