Alnylam Pharmaceuticals draws attention after rival trial failure shifts ATTR CM expectations

Industry
โดย Simply Wall St·Read original
Summary · why it matters

Alnylam Pharmaceuticals has drawn fresh attention after shares moved sharply higher, helped by the late-stage failure of a competing ATTR cardiomyopathy therapy from AstraZeneca and Ionis Pharmaceuticals, as well as recent collaboration updates. The most popular narrative assigns a fair value of $434.72, implying the stock is undervalued relative to its last close of $298.76, driven by rapid uptake of AMVUTTRA for ATTR-CM and international expansion. However, the stock trades at a P/E of 74.1x, more than double the peer average of 30.1x and a fair ratio of 34.7x, suggesting investors are already paying a high price for expected growth. Risks include heavier R&D and SG&A spending or pricing pressure on AMVUTTRA that could undercut the bullish narrative.

Impact on stocks 3

Biotech & Genomic Medicine± Mixed · 3 stocks
Alnylam Pharmaceuticals Inc
ALNY
▲ PositiveCompetitionrelevance

Rival ATTR-CM therapy from AstraZeneca and Ionis failed in late-stage trial, reducing competitive threat.

AstraZeneca PLC
AZN
▼ NegativeTechnologyrelevance

Late-stage failure of its partnered ATTR-CM therapy with Ionis.

Theme Impact 1

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