so basically, there is a company called Alnylam that makes medicine. They have a medicine called Amvuttra, that is very good at helping people with a specific type of heart disease. They did a big test to see how well the medicine works and if it can help even more people. When they shared the results, people got a little worried because the medicine was even better than they thought at first. But still, lots of people are excited about the medicine and hope it will help more people in the future. Read from source...

No
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bullish
Justification: The article states that ALNY is expecting to submit regulatory filings globally for vutrisiran, which has generated sales worth $425.4 million in the first half of 2024, an 82% YoY increase. The drug is expected to become the new standard of care for the treatment of ATTR amyloidosis with cardiomyopathy if approved for an expanded indication. Additionally, the article mentions that some better-ranked stocks in the biotech sector are Illumina, Krystal Biotech, and Fulcrum Therapeutics, each with a Zacks Rank #1 (Strong Buy) at present.

Analysts recommend ALNY for further growth. The stock was down 8.5% following a positive data readout from the phase III HELIOS-B study evaluating its investigational RNAi therapeutic, vutrisiran. The study met its primary endpoint, demonstrating a statistically significant reduction in the composite of all-cause mortality and recurrent cardiovascular events in the overall population as well as the monotherapy population. Alnylam is set to file a supplemental new drug application for vutrisiran with the FDA later this year. Vutrisiran is currently approved in the United States and Europe for the treatment of adult patients with polyneuropathy of hereditary ATTR amyloidosis.