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Sirna Therapeutics Shareholders Approve Acquisition by Merck & Co.

Agreement and Plan of Merger

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SIRNA THERAPEUTICS INC | Merck & Co.

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Title: Sirna Therapeutics Shareholders Approve Acquisition by Merck & Co.
Date: 12/28/2006
Industry: Biotechnology and Drugs     Sector: Healthcare

Sirna Therapeutics Shareholders Approve Acquisition by Merck & Co., Parties: sirna therapeutics inc , merck & co.
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Exhibit 99.1

Sirna Therapeutics Shareholders Approve Acquisition by Merck & Co.

SAN FRANCISCO, CA, Dec. 28, 2006 — Sirna Therapeutics, Inc. (NASDAQ: RNAI) announced that Sirna shareholders approved the acquisition of Sirna by Merck & Co., Inc. at a special meeting today. The shareholder vote is a necessary condition for the completion of the acquisition of Sirna, a leader in the discovery and development of RNAi-based therapeutics. The acquisition is expected to close as soon as reasonably practicable, subject to satisfaction of customary closing conditions.

About Sirna Therapeutics, Inc.
Sirna Therapeutics is a clinical-stage biotechnology company developing RNAi-based therapies for serious diseases and conditions, including age-related macular degeneration (AMD), hepatitis C, dermatology, asthma, respiratory syncytial virus (RSV) and Huntington’s disease. Sirna Therapeutics completed its Phase I clinical trial for Sirna-027 in AMD in 2005 and with its strategic partner, Allergan, Inc., is moving Sirna-027 forward into Phase II clinical trials. Sirna has selected a clinical ca


 
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