NASDAQ:ALNY - Nasdaq - US02043Q1076 - Common Stock
Biotech stocks have seen three years of sideways to down trading. But obesity drugs, AI and Trump 2.0 promise to shake things up.
Investment bank Jefferies Financial Group Inc. has hired former Alnylam Pharmaceuticals Inc. Chief Executive Officer John Maraganore as a senior adviser.
The company is working on treatments for forms of muscular dystrophy, and is taking on some of the biggest names in pharma.
Pharma stock have been on the rise in the latter half of the year, but the 2024 election remains a wild card for shares.
Alnylam Pharmaceutical is on the move. In early to mid-2025, the FDA is expected to approve expanded use of a key drug.