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Companies · ALNY

ALNY Reported this cycle

Alnylam Pharmaceuticals

Cambridge, MA Founded 2002 Biotech & Pharma

AI-generated · informational only · not investment advice · verify before relying.

Latest analysis

Updated Nov 5, 2026

Alnylam Authorizes $1B Repurchase Program; SVP Commercial Officer to Depart

Alnylam authorized a $1 billion stock repurchase program, with approximately $500 million anticipated to be deployed by year-end 2026 and the remainder during 2027. Concurrently, the company announced the departure of Tolga Tanguler, Executive Vice President and Chief Commercialization Officer, effective December 2026, with terms of separation to be formalized in a written agreement.

Tone: neutral

Revenue

$3.7B

ALNY 10-K · FY 2025

Employees

2,500

Revenue growth YoY

+65%

Founded

2002

Profile

ALNY 10-K Item 1 · Feb 12, 2026

Alnylam Pharmaceuticals is a global commercial-stage biopharmaceutical company that pioneers RNAi therapeutics — medicines that silence disease-causing genes before the harmful proteins are made. The company has six approved first-in-class products spanning rare and prevalent diseases, with a pipeline of more than 20 clinical programs. In early 2026 it launched the Alnylam 2030 strategy targeting 25%+ total revenue CAGR and approximately 30% non-GAAP operating margin by year-end 2030.

Read filing description ↓

Alnylam Pharmaceuticals, Inc. is a global commercial-stage biopharmaceutical company developing novel therapeutics based on ribonucleic acid interference, or RNAi. RNAi is a naturally occurring biological pathway within cells for sequence-specific silencing and regulation of gene expression. By harnessing the RNAi pathway, we have pioneered a new class of innovative medicines, known as RNAi therapeutics. RNAi therapeutics are comprised of small interfering RNA, or siRNA, that function upstream of conventional medicines by potently silencing messenger RNA, or mRNA, that encode for proteins implicated in the cause or pathway of disease, thus preventing them from being made. We believe this is a revolutionary approach with the potential to transform the care of patients across a broad range of disease areas and indications. To date, our efforts to advance this revolutionary approach have yielded the approval of six first-in-class RNAi-based medicines: AMVUTTRA (vutrisiran), ONPATTRO (patisiran), GIVLAARI (givosiran), OXLUMO (lumasiran), Leqvio (inclisiran) and Qfitlia (fitusiran). Our research and development strategy is to target genetically validated genes that have been implicated in the cause or pathway of human disease. We utilize a N-acetylgalactosamine (GalNAc) conjugate approach or lipid nanoparticle (LNP) to enable hepatic delivery of siRNAs. For delivery to the central nervous system, or CNS, and the eye (ocular delivery), we are utilizing an alternative conjugate approach based on a hexadecyl (C16) moiety as a lipophilic ligand. We are also advancing approaches for heart, skeletal muscle and adipose tissue delivery of siRNAs. Our focus is on clinical indications where there is a high unmet need, a genetically validated target, early biomarkers for the assessment of clinical activity in Phase 1 clinical trials, and a definable path for drug development, regulatory approval, patient access and commercialization. We currently have six marketed products, including two products that are commercialized by collaborators, and more than 20 clinical programs, including several in late-stage development.

Primary products

  • AMVUTTRA (vutrisiran)
  • ONPATTRO (patisiran)
  • GIVLAARI (givosiran)
  • OXLUMO (lumasiran)
  • Leqvio (inclisiran)
  • Qfitlia (fitusiran)

Business segments

TTR Rare

End markets

ATTR amyloidosis with polyneuropathy ATTR amyloidosis with cardiomyopathy Acute hepatic porphyria Primary hyperoxaluria type 1 Hypercholesterolemia Hemophilia A and B Hypertension Complement-mediated diseases Cerebral amyloid angiopathy Alzheimer's disease Huntington's disease Hereditary Hemorrhagic Telangiectasia

Geographies

United States Europe Japan Rest of World

Named competitors

ADARx Pharmaceuticals, Inc. Amgen Inc. Argo Biopharmaceutical Co., Ltd. Aro Biotherapeutics Arrowhead Pharmaceuticals, Inc. AstraZeneca plc Dyne Therapeutics, Inc. Eli Lilly and Company
“Competition in the pharmaceutical marketplace remains intense, with hundreds of companies competing to discover, develop, and market new drugs.” Competitive position, as stated in the filing

Revenue commentary · FY 2025

Total revenues grew 65% year-over-year in 2025, driven primarily by an 81% increase in net product revenues, itself dominated by a 138% surge in AMVUTTRA sales following FDA approval for ATTR-CM in March 2025.

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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.

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