Alnylam Shifts To Product-Focused Strategy As RNAi Platform Takes A Hit
Alnylam Pharmaceuticals' strategy announcement on Jan. 7 was “a transformation,” CEO John Maraganore said in an interview at the J.P. Morgan Healthcare Conference, emphasizing that he has “never been more excited” about the prospects for his company.
You may also be interested in...
Sanofi will take a 12% stake in Alnylam for $700 million in a transformative deal that revalidates the biotech’s RNAi technology platform after the company lost important big pharma partners three years ago. The announcement Jan. 13 kicked off the opening of the JP Morgan Healthcare conference.
Alnylam’s release of early-stage clinical data for its lead amyloidosis project in July caused a surge in its market value and rare cheers from investors. Years removed from its most recent high-profile technology deal, Alnylam is a company on the verge of completing the trickiest metamorphosis in biotech: from technology platform to product focus without the benefit of transformational M&A.
U.S.-China hybrid Ascletis is in-licensing rights to Phase II-ready RNA-interference program ALN-VSP from Alnylam with an eye on developing a groundbreaking therapy for an underserved indication that hits especially hard in China.