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0 0 -0.00020451466114473 -0.00020451466114473 0.00874300176393899 0.0173326175320193 0.0065163483907252 0.00858961576808041
Stock impact report

Cambridge biotech will invest $250M in Mass. production facility, add jobs [Yahoo! Finance]

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: Yahoo! Finance
The expansion will add an as-yet-unspecified number of jobs, said Timothy Maines, Alnylam's chief technical operations and quality officer, and enable the company to produce drugs at much higher volumes than it can today. Alnylam has drugs on the market today that treat rare kidney, heart and liver disorders, along with a hemophilia drug that was approved by the Food and Drug Administration earlier this year. But the company is developing drugs for conditions that affect larger populations — such as high blood pressure, fatty liver disease, diabetes and obesity. The plant expansion will allow Alnylam to make more of those medicines as they move from the testing phase into the market, Maines said. The company is a pioneer of an approach called “RNA interference,” which uses strands of RNA — ribonucleic acid — to block the biological mechanisms that cause certain diseases. Maines says that the plant expansion will allow it to make these RNA interference medicines using a new, fas Show less Read more
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