ALNY - Why Alnylam Pharmaceuticals Topped the Market Today
2023-07-17 18:29:00 ET
The fight against Alzheimer's disease seems to be advancing, and one biotech developing a treatment for the degenerative brain disorder benefited from this on Monday.
This was Alnylam Pharmaceuticals (NASDAQ: ALNY) , which saw its share price rise by nearly 3% on the day thanks to encouraging news from an early-stage clinical trial of an investigational Alzheimer's drug. By comparison, the S&P 500 index only crept 0.4% higher.
Alnylam published the interim results of a phase 1 study of its ALN-APP concurrent with a presentation made by the biotech at an Alzheimer's conference in the Netherlands. ALN-APP not only addresses Alzheimer's but also cerebral amyloid angiopathy (CAA), an affliction in which certain proteins accumulate in the arteries located in the brain.
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Why Alnylam Pharmaceuticals Topped the Market Today