Pharmaceutical Industry Earnings Roundup: Mixed Results and Market Challenges
Alnylam Pharmaceuticals, a rising star in the biotechnology sector, reported impressive third-quarter results with revenues of $1.25 billion, surpassing analyst estimates by nearly $300 million. The company's flagship drug Amvuttra, used to treat transthyretin amyloidosis (TTR), generated $685 million in sales, exceeding expectations of $622 million.