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Aldevron Announces Strategic Partnership with Acuitas Therapeutics

Aldevron Announces Strategic Partnership with Acuitas Therapeutics
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Baillie Gifford Adjusts Stake in Alnylam Pharmaceuticals

On December 1, 2023, Baillie Gifford (Trades, Portfolio), a renowned investment management firm, made a significant adjustment to its investment portfolio by reducing its stake in Alnylam Pharmaceuticals Inc (NASDAQ:ALNY). The transaction involved the sale of 1,196,042 shares, which resulted in a 14.65% decrease in Baillie Gifford (Trades, Portfolio)'s holdings in the company.

Gearing Up to Challenge Pfizer in a Rare Disease, BridgeBio Secures Up to $1 25B

BridgeBio will receive $500 million in exchange for royalties from sales of acoramidis, a drug currently under FDA review for treating heart complications caused by the rare disease transthyretin amyloidosis. The deal also refinances lending agreements, providing BridgeBio with access to additional capital.

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