Alnylam drops as AstraZeneca posts full trial results for failed heart drug

Earnings
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Summary · why it matters

AstraZeneca released full data from its failed Phase 3 CARDIO-TTRansform trial for Wainua, an RNA-targeting silencer developed with Ionis Pharma for the rare heart condition ATTR-CM, hurting Alnylam Pharma, which markets a similar drug. The trial, which failed to meet its primary goal in July, was presented at the European Society of Cardiology Congress in Munich. Jefferies analyst Faisal Khurshid, who has a Hold rating on Alnylam, said the results suggest oral stabilizers are superior to subcutaneously delivered silencers, and he sees neutral to negative read-through for Alnylam. Alnylam shares dropped following the release.

Impact on stocks 5

Biotech & Genomic Medicine · 5 stocks
Alnylam Pharmaceuticals Inc
ALNY
▼ NegativeCompetitionrelevance

Full CARDIO-TTRansform data for AstraZeneca/Ionis's Wainua suggests oral stabilizers beat subcutaneous silencers, a negative read-through for Alnylam's rival ATTR-CM drug.

AstraZeneca PLC
AZN
▼ NegativeTechnologyrelevance

AstraZeneca presented full results from its failed Phase 3 CARDIO-TTRansform trial of Wainua, which missed its primary goal.

Ionis Pharmaceuticals Inc
IONS
▼ NegativeTechnologyrelevance

Full Phase 3 data for its Wainua (with AstraZeneca) failed to meet the primary goal in ATTR-CM, a negative trial result for the RNA silencer.

Theme Impact 1

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