- RBC Capital Markets raised the price target on Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) from $225 to $250.
- The analyst says that the company is confident that the recent APOLLO-B validates the therapeutic hypothesis.
- Subgroup analysis at the Heart Failure Society of America (HFSA) next week will be limited by a small number, but ALNY sees an approvable drug.
- Related: Alnylam Shares Detailed Patisiran Data From Rare Disease Study.
- The base business continues to perform, and POC for Alzheimer’s and gout is later this year.
- RBC remains a buyer, noting one of the few commercially validated platforms in Biotech and prior transactions in the space.
- Citi analyst says APOLLO-B data reported thus far suggests Onpattro is approvable for ATTR-CM and could potentially improve upon Pfizer Inc’s (NYSE:PFE) tafamidis for cardiac outcomes.
- Most importantly, data at HFSA might offer a glimpse into the potential of Onpattro’s follow-up, Amvuttra, which has quarterly (potentially biannual) dosing and is likely to drive Alnylam’s ATTR franchise.
- Earlier today, the European Commission approved Amvuttra (vutrisiran) for hereditary transthyretin-mediated (hATTR) amyloidosis in adult patients with stage 1 or stage 2 polyneuropathy.
- Price Action: ALNY shares are down 2.32% at $210.98 on the last check Tuesday.
Trump Calls Brittney Griner A ‘Potentially Spoiled Person,’ Opposes Prisoner Exchange With An ‘Absolute Killer’
Former President Donald Trump has called Women’s National Basketball Association (WNBA) player Brittney Griner, who has been detained in Russia for allegedly possessing of hash oil, “a potentially spoiled person.”
