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Alnylam adds over $80M to warchest to advance lead RNAi programmes

This article was originally published in Scrip

Executive Summary

Alnylam Pharmaceuticals, a pioneer in RNA interference ("gene silencing"), has raised $92.7 million in a public offering that was well received by the market. The offered shares were priced at $10.75 per share, a 13% discount to the prevailing price on 13 February, and the company’s stock price fell quickly to around $11.0 on 14 February. However, it quickly rebounded to close on 16 February at $12.59.

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