US02043Q1076 - Common Stock
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.
The company is hoping to rival Pfizer's approved treatment for cardiomyopathy.
Alnylam Pharmaceuticals Inc. plummeted after full results from a trial its drug to treat a progressive and deadly form of heart disease disappointed investors.