Alnylam Earnings: Strong Revenue Growth Overshadowed by Slower-Than-Expected TTR Demand
Alnylam's third-quarter net product revenue was $1.29 billion, up 52% year over year, driven by transthyretin revenue growth of 59% to $1.15 billion. However, management now expects full-year TTR revenue to be at the low end of its $4.2 billion-$4.5 billion guidance. Shares plummeted 25% on Oct. 29.