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Stock impact report

Blackstone invests $2 billion in Alnylam, boosting gene-silencing drug development [Reuters (UK)]

Alnylam Pharmaceuticals, Inc. (ALNY) 
Last alnylam pharmaceuticals, inc. earnings: 2/6 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.alnylam.com/investor-overview
Company Research Source: Reuters
Alnylam's gene-silencing efforts get $2 billion Blackstone backing - Reuters 3 Min Read (Reuters) - Blackstone Group Inc ( BX.N ) said on Monday it would invest $2 billion in Alnylam Pharmaceuticals Inc ( ALNY.O ) through an equity-and-debt deal, giving the drugmaker a financial boost without tapping into currently volatile stock markets for funds. Alnylam is the first drugmaker to win U.S. approval for a treatment using the Nobel prize-winning RNA interference (RNAi) technology and is currently developing other RNAi drugs to treat a range of conditions, including rare bleeding disorders. Earlier this month, the company also agreed to develop treatments for the new coronavirus with Vir Biotechnology Inc ( VIR.O ). The private equity giant is providing $1 billion of the funding in exchange for half of the royalties on global sales of Alnylam’s cholesterol therapy inclisiran, currently under review by U.S. and European regulators. Wall Street analysts noted that the deal bolsters Show less Read more
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