Alnylam Pharmaceuticals (ALNY) Announces $1 Billion Share Repurchase Program and Change in Commercial Leadership
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Alnylam Pharmaceuticals’ board authorized a $1 billion share repurchase program and announced a transition in its commercial leadership as the RNAi therapeutics company enters its next growth phase. Board Chair Amy Schulman said both decisions reflect confidence in Alnylam’s future. The buyback gives the Cambridge, Massachusetts-based company a sizable capital-return tool alongside its drug-development spending. The commercial leadership change puts a new executive team in charge of launching and selling products as the company scales. Investors will watch the pace and timing of repurchases and the identity and strategy of the incoming commercial chief.
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Alnylam Pharmaceuticals (ALNY), Amy Schulman
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