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Benzinga
Benzinga
Technology
Vandana Singh

Alnylam Clocks 76% Increase In Q4 Product Sales, Expects FY22 Product Sales Of Up To $1B

Alnylam Pharmaceuticals Inc's (NASDAQ:ALNYQ4 product revenues increased 76% Y/Y to $198.5 million, primarily due to the continued global expansion of Onpattro and Givlaari, and sales from a third commercial product, Oxlumo.

  • Collaborations sales increased 18%, primarily due to increased revenue from collaboration agreements with Regeneron Pharmaceuticals Inc (NASDAQ:REGN) and Novartis AG (NYSE:NVS).
  • Total sales increased to $258.5 million from $163.5 million, beating the consensus of $$233.62 million.
  • The Company posted an adjusted EPS loss of $(1.69), missing the consensus of $(1.54) compared to the $(1.60) a year ago.
  • Onpattro (patisiran) achieved sales of $139 million, +53.4% Y/Y, and attained over 2,050 patients worldwide on commercial Onpattro treatment as of December 31, 2021.
  • Givlaari (givosiran) clocked Q4 sales of $40.69 million, +83.7%. The Company attained over 350 patients worldwide on commercial Givlaari treatment.
  • Oxlumo (lumasiran) sales reached $19.2 million. Attained over 140 patients worldwide on commercial Oxlumo treatment.
  • Guidance: Alnylam expects FY22 product sales of $900 million – $1 billion, with collaborations & royalties sales of $175 million – $225 million.
  • Price Action: ALNY shares are up 2.13% at $154.62 during the market session on the last check Thursday.
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