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Biotech Mailbag: All About Alnylam

By Adam Feuerstein

About this article:
Pass the stuffing and please, more cranberry sauce! The Thanksgiving Biotech Mailbag is open for business. Robert C. writes: "What is your opinion and record of following Alnylam Pharmaceuticals? I am a physician with a research background and although I know that major pitfalls exist of function and approval I cannot see why there is not more interest in this potentially life-changing therapy." Take your eyes off Alnylam's stock chart for a moment and glance at the company's balance sheet, which will be laden with more than $500 million when the year comes to a close. That's a very nice cash cushion to have these days. Biotech firms are running out of money right and left, and the equity and debt markets are clamped tight, so for Alnylam to be sitting on several years of cash without any need for additional financing is a good thing indeed. Kudos to...

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