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Stock impact report

Alnylam Out-Licenses A Less-Promising Program [Seeking Alpha]

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: Seeking Alpha
SummaryAlnylam announced an agreement with Dicerna to out-license ALN-AAT02 in exchange for royalties and milestones tied to either ALN-AAT02 or Dicerna's DCR-A1AT.ALN-AAT02 wasn't a high-priority program for Alnylam management, and the agreement also includes IP cross-licensing for the PH program that reduces IP litigation risk for both companies.Alnylam will expand its collaboration with Vir to investigate potential siRNA treatments for SARS-CoV-2.Alnylam is not a particularly catalyst-rich name for 2020, but the shares look undervalued below $150.Biotech has held up surprisingly well in this market downturn, more or less tracking the S&P, butALNYI continue to believe that Alnylam shares are undervalued, and that management is running the company with a sound business plan. The latest example is the company’s decision to out-license ALN-AAT02 for alpha-1 antitrypsin deficiency; a move that cuts the company’s R&D spending needs for a less-promising program while still maintaining som Show less Read more
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