# If Alnylam Pharmaceuticals moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/alnylam-pharmaceuticals · Facet: ripple · Updated: 2026-11-05T16:08:24.867+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Alnylam Pharmaceuticals is directly linked to 3 companies (1 supply, 1 revenue, 1 investment relationships) and reaches 9 companies within two hops; the links are backed by 14 dated sources, 5 of them primary filings (as of 2026-11-05).

Alnylam shares gained 69.0% in 2025 as product revenue grew 81%, then fell 59.1% through November 5, 2026. Q3 2026 net product revenue rose 52% year over year to $1.291946 billion, while total royalty revenue rose 105% to $94.664 million. Novartis Leqvio sales in the same quarter grew 64% to $506 million. Rising sales and royalties did not lift the technology owner's shares, consistent with commercialization expectations having been priced in during 2025. Blackstone owns rights to 50% of future Leqvio royalties, and nine-month payments on the related liability were $91.438 million. Alnylam's Q3 royalty total is not Leqvio-only revenue, and the payment figure is not Blackstone's quarterly receipt. The next test is whether Q4 Leqvio sales and total royalties continue to move together. Dividing the two figures to assert a contract rate or Blackstone cash flow would invalidate the comparison.

## Demand chain (leading)
- T1 Regeneron Pharmaceuticals (https://valuechain.wiki/regeneron-pharmaceuticals.md)

## Supply chain (benefiting)
- T1 Blackstone (https://valuechain.wiki/blackstone.md)
- T2 CoreWeave (https://valuechain.wiki/coreweave.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 Core Scientific (https://valuechain.wiki/core-scientific.md)
- T3 Vertiv (https://valuechain.wiki/vertiv.md)
- T3 Super Micro (https://valuechain.wiki/super-micro.md)
- T2 Medtronic plc (https://valuechain.wiki/medtronic.md)
- T3 Abbott Laboratories (https://valuechain.wiki/abbott-laboratories.md)
- T2 Moderna (https://valuechain.wiki/moderna.md)
- T3 Thermo Fisher Scientific (https://valuechain.wiki/thermo-fisher-scientific.md)
- T3 Danaher Corporation (https://valuechain.wiki/danaher.md)
- T2 EQT Corporation (https://valuechain.wiki/eqt.md)
- T3 Williams Companies (https://valuechain.wiki/williams.md)
- T3 Sempra (https://valuechain.wiki/sempra.md)
- T2 PPL Corporation (https://valuechain.wiki/ppl.md)
- T3 GE Vernova (https://valuechain.wiki/ge-vernova.md)
- T1 Agilent Technologies, Inc. (https://valuechain.wiki/agilent-technologies.md)
- T2 Amazon (https://valuechain.wiki/amazon.md)
- T3 Quanta Computer (https://valuechain.wiki/quanta.md)
- T3 Seagate Technology (https://valuechain.wiki/seagate.md)
- T3 Credo Technology (https://valuechain.wiki/credo.md)
- T3 TSMC (https://valuechain.wiki/tsmc.md)
- T3 Marvell (https://valuechain.wiki/marvell.md)
- T3 SK hynix (https://valuechain.wiki/sk-hynix.md)
- T3 Astera Labs (https://valuechain.wiki/astera-labs.md)
- T3 Alchip Technologies (https://valuechain.wiki/alchip.md)
- T3 SanDisk (https://valuechain.wiki/sandisk.md)
- T3 Foxconn (Hon Hai) (https://valuechain.wiki/foxconn.md)
- T3 Arista Networks (https://valuechain.wiki/arista.md)
- T3 Anthropic (https://valuechain.wiki/anthropic.md)
- T3 Wiwynn (https://valuechain.wiki/wiwynn.md)
- T3 IonQ (https://valuechain.wiki/ionq.md)
- T3 Rigetti Computing (https://valuechain.wiki/rigetti.md)
- T3 D-Wave Quantum (https://valuechain.wiki/d-wave.md)
- T3 Eaton (https://valuechain.wiki/eaton.md)
- T3 Schneider Electric (https://valuechain.wiki/schneider-electric.md)
- T3 Vistra (https://valuechain.wiki/vistra.md)
- T3 Quantum Computing Inc (https://valuechain.wiki/qubt.md)
- T3 Talen Energy (https://valuechain.wiki/talen-energy.md)
- T3 Ciena (https://valuechain.wiki/ciena.md)
- T3 Corning (https://valuechain.wiki/corning.md)
- T3 Globalstar (https://valuechain.wiki/globalstar.md)
- T3 Cummins (https://valuechain.wiki/cummins.md)
- T3 ABB (https://valuechain.wiki/abb.md)
- T3 Caterpillar (https://valuechain.wiki/caterpillar.md)
- T3 Celestica (https://valuechain.wiki/celestica.md)
- T3 Digital Realty (https://valuechain.wiki/digital-realty.md)
- T3 Nike (https://valuechain.wiki/nike.md)
- T3 Amorepacific (https://valuechain.wiki/amorepacific.md)
- T3 Procter & Gamble (https://valuechain.wiki/procter-gamble.md)
- T3 ArianeGroup (https://valuechain.wiki/arianegroup.md)
- T3 Fabrinet (https://valuechain.wiki/fabrinet.md)
- T3 Jabil (https://valuechain.wiki/jabil.md)
- T3 Exelon (https://valuechain.wiki/exelon.md)
- T3 Cerebras Systems (https://valuechain.wiki/cerebras.md)
- T3 United Parcel Service, Inc. (https://valuechain.wiki/united-parcel-service.md)
- T3 FedEx (https://valuechain.wiki/fedex.md)
- T3 Colgate-Palmolive Company (https://valuechain.wiki/colgate-palmolive.md)
- T3 Norfolk Southern (https://valuechain.wiki/norfolk-southern.md)
- T3 Occidental Petroleum (https://valuechain.wiki/occidental-petroleum.md)
- T3 Entergy (https://valuechain.wiki/entergy.md)
- T3 The Estée Lauder Companies Inc. (https://valuechain.wiki/est-e-lauder-companies.md)
- T3 Ameren Corporation (https://valuechain.wiki/ameren.md)
- T3 Church & Dwight Co., Inc. (https://valuechain.wiki/church-dwight.md)
- T3 Omnicom Group Inc. (https://valuechain.wiki/omnicom-group.md)

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Full node: https://valuechain.wiki/alnylam-pharmaceuticals.md · JSON: https://valuechain.wiki/alnylam-pharmaceuticals.json