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16.04.2019 13:27:00

Is Alnylam Pharmaceuticals a Buy Now?

Biotech investors who let go of their Alnylam Pharmaceuticals (NASDAQ: ALNY) shares after a disappointing trial failure in late 2016 must be kicking themselves right now. The stock has risen 150% since safety concerns put an end to one of its most advanced new drug candidates at the time.Last summer, the FDA approved Alnylam's first new drug, and a handful of late-stage candidates aren't far behind. The company is still losing heaps of money, but investors enthusiastic about its pipeline have inflated Alnylam's market value to $9.7 billion at recent prices. Let's look at what lies ahead to see if the company can meet some lofty expectations and deliver further gains.Image source: Getty Images.Continue reading
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