ZUG, Switzerland - Medison Pharma, a global pharmaceutical company, and Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY), a leader in RNA interference (RNAi) therapeutics, announced the expansion of their partnership to include additional markets in Latin America (LATAM) and Asia-Pacific (APAC), as well as other international markets. This expansion builds on an existing collaboration focused on Central & Eastern Europe and Israel.
The partnership leverages Medison's unique commercial platform to distribute Alnylam's RNAi therapeutic products, such as ONPATTRO® (patisiran), AMVUTTRA® (vutrisiran), GIVLAARI® (givosiran), and OXLUMO® (lumasiran). These innovative treatments are designed for rare and severe diseases, and the collaboration aims to make them more accessible to patients globally.
Norton Oliveira, Senior Vice-President and Head of Partner and Emerging Markets at Alnylam, expressed enthusiasm about the partnership's growth, highlighting the opportunity to enhance their presence in the APAC and LATAM regions. Meir Jakobsohn, Founder and Executive Chairman of Medison, emphasized the company's role in creating a new category of multi-regional partnerships that are gaining traction with innovative biotech firms.
Gil Gurfinkel, CEO of Medison, pointed out the significance of their unified commercial platform, which simplifies the process of bringing therapies to fragmented markets under a single alliance. The partnership is portrayed as a means to provide faster access to Alnylam's treatments for patients in need.
RNAi technology, recognized with a Nobel Prize in 2006, is a groundbreaking approach in biology and drug development. It allows for the silencing of specific genes that cause or contribute to diseases. Alnylam has been at the forefront of translating RNAi into a new class of medicines, with a focus on addressing unmet needs in both rare and common diseases.
The information for this article is based on a press release statement.
InvestingPro Insights
As Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) expands its global footprint through strategic partnerships, investors and stakeholders are closely monitoring the company's financial health and market performance. According to the latest data from InvestingPro, Alnylam boasts a robust revenue growth, with a significant 76.23% increase in the last twelve months as of Q4 2023. This growth is further exemplified by a quarterly revenue growth of 31.25% in Q4 2023. Despite the company's impressive revenue figures, it is important to note that Alnylam's P/E ratio stands at -41.68, reflecting the market's anticipation of future earnings rather than current profitability.
InvestingPro Tips suggest that analysts have recently revised their earnings expectations upwards for the upcoming period, indicating potential optimism in Alnylam's financial trajectory. However, it's also highlighted that analysts do not expect the company to be profitable this year. This could be a critical factor for investors considering the company's long-term potential versus short-term performance. Additionally, Alnylam's liquid assets surpass its short-term obligations, which may provide some financial stability despite the lack of profitability over the last twelve months.
Investors interested in a deeper analysis of Alnylam Pharmaceuticals can find additional insights and tips on the InvestingPro platform. Currently, there are more InvestingPro Tips available, which could offer a comprehensive understanding of the company's financials and market position. To access these insights, visit InvestingPro and consider using the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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