VIR - Alnylam Pharmaceuticals Secures Its Second Approval And The Pipeline Is Still Attractive
With Alnylam Pharmaceuticals (ALNY) shares up almost 30% since my last update on the company, I can’t complain that the Street is undervaluing this RNAi pioneer nearly as much as before. Still, the company continues to build a strong investment case with two approvals in hand, another possible in 2020, and an increasingly attractive pipeline with expanding delivery options and potential therapeutic targets.
More than 55% of my fair value estimate for Alnylam is still tied to its ATTR amyloidosis portfolio, but compounds like Givlaari, inclisiran, fitusiran, and lumasiran are not just “also-rans”,