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Alnylam Pharmaceuticals
ALNY · NASDAQBiotechnology
The economic chain
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Raw inputs
Equipment
Foundry
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AI demand
Inputs &supplyAPIs, bioprocess, compone…Discovery &trialsR&D, partners, regulatorsManufacturingDrug substance, fill-fini…ProductsMedicines, therapies, dev…Payers &distributionWholesalers, PBMs, health…Providers &patientsHospitals, surgeons, pati…AAgilent TechnologiesGALGalNAc & lipid suppliersRD&CRNAi discovery & clinical trialsF/EFDA / EMAALNYAlnylam PharmaceuticalsTTRAmvuttra / OnpattroRDGivlaari / OxlumoLEQLeqvio (inclisiran)DISSpecialty distributorsPAYPayers & governmentsDOCHospitals & specialistsYOUPatients
Company details
Market cap
$38B
Revenue (2025)
$3.7B
Rev. growth
+96%
Q1'26 net product rev
$1.04B
Net income (2025)
$0.31B
2026 rev guidance
$4.9–5.3B
Approved products
5
Q1'26 EPS
$1.99
In plain English
Alnylam pioneered RNA interference (RNAi) into real medicines — tiny strands of RNA that switch off a disease-causing gene before its protein is ever made. Its lead drug Amvuttra now treats the heart and nerve damage of ATTR amyloidosis and is driving the company past $1B in quarterly sales into sustained profit. It also earns royalties on Leqvio (a cholesterol drug it invented and licensed to Novartis) and partners with Roche and Regeneron to push RNAi into common diseases like hypertension.
In simple terms
From RNA strand to patient
Alnylam designs a short RNA strand that silences a disease gene, has the strand (API) made by Agilent and finished in its own Norton, MA plant, then ships the medicine through specialty distributors and payers to the cardiologists and rare-disease centres who treat patients.
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Risk read
Moderate
SteadierMore speculative
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