Alnylam, a pioneer in the drugmaking method known as RNA interference, has climbed the biotech industry ranks over the last two decades. After solving challenges associated with delivering these treatments into the body, Alnylam has become one of the sector’s more productive companies, winning approvals of four drugs for rare diseases and discovering a cholesterol-lowering medicine sold by Novartis.
Alnylam still isn’t profitable, however. The company lost $853 million in 2021 and another $240 million in the first quarter this year. Losses are expected to continue in the near future, too, even as Alnylam expects product revenue to climb as high as $930 million in 2022.
