NEW YORK, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Alnylam Pharmaceuticals, Inc. (“Alnylam” or the “Company”) ( ALNY) resulting from allegations that Alnylam and/or its executives may have issued materially misleading business information to the investing public.
If you purchased Alnylam securities, and/or would like to discuss your legal rights and options, please visit Alnylam Shareholder Investigation or contact Daniel Sadeh toll free at (877) 779-1414 or [email protected].
On September 12, 2018, Nomura/Instinet analyst Christopher Marai stated that a review document released by the U.S. Food and Drug Administration’s (“FDA”) Center for Drug Evaluation and Research “highlights greater risk” with respect to certain trials of Alnylams’ ONPATTRO (patisiran) lipid complex injection, as well as “a limited market opportunity in TTRcardiomyopathy, and a potential platform safety risk.” Specifically, Marai asserted that “[t]he document highlights FDA reviewers’ concerns over cardiac deaths in patients treated with ONPATTRO and suggests that the drug should be limited to patients with polyneuropathy only (i.e., not patients with cardiac manifestations and polyneuropathy). Furthermore, we believe some comments on the lack of cardiac efficacy call into question claims made by [Alnylam] in this regard.”
On this news, Alnylam stock fell $5.60 per share, or over 5%, from its previous closing price to close at $94.75 per share on September 12, 2018, damaging investors.
If you purchased Alnylam securities, and/or would like to discuss your legal rights and options, please visit https://www.bernlieb.com/cases/alnylam-pharmaceuticals-inc-alny-lawsuit-class-action-fraud-stock-82/ or contact Daniel Sadeh toll free at (877) 779-1414 or [email protected].
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Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
[email protected]
