BUZZ-Stifel expects Alnylam's heart disease drug to be 'go-to therapy'

Reuters
31 Mar
BUZZ-Stifel expects Alnylam's heart disease drug to be 'go-to therapy'

** Brokerage Stifel raises PT on drugmaker Alnylam Pharmaceuticals' ALNY.O to $345 from $300 following expanded U.S. approval for its heart disease drug

** The new PT represents a 28.5% upside to the stock's last close

** Brokerage believes ALNY's drug Amvuttra will be a "go-to therapy" for patients with heart disease condition who progress on a stabilizer

** Amvuttra, a quarterly injection, was cleared to treat ATTR-CM, a condition where faulty transthyretin proteins accumulate in the heart and potentially causing organ to fail

** Stifel says physician feedback on the drug has been broadly favorable

** Twenty four of 31 brokerages rate the stock "buy" or higher, 7 "hold"; their median PT is $316.71, according to data compiled by LSEG

** As of last close, ALNY has risen 80% in past 12 months

(Reporting by Siddhi Mahatole)

((siddhi.mahatole@thomsonreuters.com))

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