July 28, 2026 10:00 AM EDT

Pharma

Al­ny­lam's stock is down 30% de­spite a boom­ing biotech mar­ket. Here's why.

Max Gelman

Al­ny­lam is one of bio­phar­ma’s biggest mys­ter­ies so far in 2026. The broad­er mar­ket is see­ing a resur­gence af­ter years of a bear­ish en­vi­ron­ment. M&A …