Report
Anna Baran
EUR 100.00 For Business Accounts Only

Alnylam's RNAi Platform Bolsters Its Outlook in Genetic Disorders; Shares Attractive With $90 FVE

After a fresh look at RNAi leader Alnylam, we've lowered our fair value estimate to $90 per share, due to revised commercialization expectations and increased operating spending. We do not award the company a moat, but its expertise and systematic research methodology give it a competitive edge, in our opinion.
With several late-stage candidates in its abundant pipeline, Alnylam is one of only a few biotechnology companies with a systematic methodology for identifying targets and developing drug...
Underlying
Alnylam Pharmaceuticals Inc

Alnylam Pharmaceuticals is a commercial-stage biopharmaceutical company developing therapeutics based on RNA interference (RNAi). RNAi is a biological pathway within cells for sequence-specific silencing and regulation of gene expression. The company has two RNAi-based medicines, ONPATTRO? (patisiran) and GIVLAARI? (givosiran). ONPATTRO is approved by the United States Food and Drug Administration (FDA) for the treatment of the polyneuropathy of hereditary transthyretin-mediated amyloidosis in adults and has also been approved in the European Union, Japan, Canada and Switzerland. GIVLAARI is approved by FDA for the treatment of adults with acute hepatic porphyria.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Anna Baran

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