US Stocks Movement | Alibaba and Alnylam Pharmaceuticals surge over 15% in pre-market trading after competitor Wainua's key trial fails
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Glonghui, July 9th – Alnylam Pharmaceuticals (ALNY.US) surged more than 15% pre-market to $373.47. According to reports, Wainua (eplontersen), an ATTR-CM (transthyretin amyloid cardiomyopathy) drug jointly developed by AstraZeneca and Ionis, failed to meet the primary efficacy endpoint in a key phase III trial, which means that competitive pressure on Alnylam Pharmaceuticals in this field has been significantly alleviated.
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