Market Overview

Alnylam Announces Alignment on Value-Based Agreements with Leading Health Insurers and Launches Comprehensive Patient Support Services for ONPATTRO™ (patisiran)

Share:

− Structure of Value-Based Arrangements Agreed in Principle with
Harvard Pilgrim Health Care and Other Major Health Insurers –

− Alnylam Assist™ Program Designed to Facilitate Access to ONPATTRO
and Provide Dedicated Patient Support –

Alnylam
Pharmaceuticals, Inc.
 (NASDAQ:ALNY), the leading RNAi therapeutics
company, today announced it has agreed on the structure and key terms of
value-based agreements (VBA) with leading health insurers for ONPATTRO™
(patisiran) lipid complex injection, a first-of-its-kind RNA
interference (RNAi) therapeutic for the treatment of the polyneuropathy
of hereditary transthyretin-mediated (hATTR) amyloidosis in adults.
ONPATTRO, approved
today
by the U.S. Food and Drug Administration (FDA), is the first
FDA-approved treatment available in the United States for this
indication. ONPATTRO was shown to improve polyneuropathy, with reversal
of neuropathy impairment in a majority of patients, as measured by
change from baseline in the modified Neuropathy Impairment Score +7
(mNIS+7) primary endpoint in the APOLLO pivotal study. In the largest
controlled study of hATTR amyloidosis patients with polyneuropathy,
ONPATTRO was also shown to improve quality of life, as measured by the
Norfolk Quality of Life-Diabetic Neuropathy (QoL-DN) patient-reported
assessment, reduce autonomic symptoms, and improve activities of daily
living.

"While preparing for approval and launch, we knew that our more than
15-year effort to advance RNAi therapeutics would only be successful if
ONPATTRO gets to the patients who need it," said Barry Greene, President
of Alnylam. "Our pursuit of value-based agreements with insurance
providers and our Alnylam Assist™ program demonstrate how we intend to
operate as a commercial company, consistent with our Patient Access
Philosophy. We believe these initiatives are the right things to do for
patients and will deliver value to the healthcare system."

Alnylam is actively discussing VBAs with leading commercial insurers,
and has reached agreement in principle on the structure of value-based
agreements with Harvard Pilgrim Health Care and other major health
insurers, with many ongoing discussions. Based on MMIT, a leading
medical policy reporting agency, these engaged payers cover
approximately 76 percent of commercial medical lives in the U.S. The
goal of these agreements is to ensure that Alnylam is paid based on the
ability of ONPATTRO to deliver outcomes in the real world setting
comparable to those demonstrated in clinical trials. Partnering with
payers on these agreements is intended to provide more certainty to them
for their investment, and help accelerate coverage decisions for
patients. The agreements are structured to link ONPATTRO's performance
in real-world use to financial terms.

"Alnylam's proactive approach to working closely with Harvard Pilgrim
far ahead of the drug approval date to develop a value-based agreement
highlights its commitment to patients, patient access, and delivering
meaningful outcomes to the healthcare system," said Michael Sherman,
M.D., M.B.A., Chief Medical Officer of Harvard Pilgrim Health Care. "By
virtue of linking level of reimbursement to meaningful patient outcomes,
this agreement will help us meet the needs of hATTR amyloidosis patients
by supporting our efforts to balance access and affordability."

The VBAs build upon Alnylam's Patient
Access Philosophy
announced last year, which focuses the Company's
commercial objectives on being proactive about patient access while
delivering value to patients, physicians, and insurers. This Philosophy
commits Alnylam to act with urgency for patients, pursue value-based
agreements and to not increase the annualized price of its medicines
above the consumer price index (CPI-U) unless valuable new innovation
has been achieved.

"Express Scripts is enthusiastic about this approval as it represents a
new therapeutic technology that should improve the lives of patients. We
applaud Alnylam for taking a responsible approach to pricing and patient
access in the rare disease space, an increasingly complicated
challenge," said Steve Miller, M.D., Chief Medical Officer, Express
Scripts. "We want to work together toward a common goal of ensuring
broad, affordable access to important medicines for rare conditions."

Other insurers have also recognized Alnylam's approach to delivering
good value through reimbursement design:

"Alnylam's approach is to start with a clinical package that provides
real benefit to patients and then ensure value is delivered in the real
world over time. It's about reducing uncertainty and knowing that you're
paying for the outcomes you expect," said Jim Clement, Executive
Director, Value Based Care and Supply Chain Management, Aetna Pharmacy
Management. "I congratulate Alnylam for establishing the Company as a
proactive, innovative and influential leader in the industry, and am
looking forward to being a part of this Alnylam initiative."

Alnylam Assist
Today, Alnylam also launched Alnylam
Assist, a comprehensive support services program to help patients.
Alnylam Assist will offer a wide range of personalized services that
include access to in-house Case Managers who will assist with
verification of insurance benefits and financial support for eligible
patients, and field-based Patient Education Liaisons who will offer
patients education on hATTR amyloidosis.

Physicians and patients can learn more about Alnylam's comprehensive
patient services by visiting AlnylamAssist.com
or calling 1-833-256-2748.

Speeding Availability & Accurate Diagnosis
Given the
rapid and debilitating progression of hATTR amyloidosis, Alnylam is
working to expedite the availability of ONPATTRO to patients whose
physicians have prescribed it so that they can initiate treatment as
quickly as possible. Alnylam is partnering closely with a network of
specialty pharmacies and distributors to make ONPATTRO commercially
available within 48 hours of FDA approval. Alnylam continues to offer
its third-party genetic testing service in the U.S. and Canada, called
Alnylam Act, which is provided at no charge to patients and
their physicians and aims to reduce the time to accurate diagnoses.

Visit ONPATTRO.com
for more information, including full prescribing information.

IMPORTANT SAFETY INFORMATION

Infusion-Related Reactions
Infusion-related reactions (IRRs)
have been observed in patients treated with ONPATTRO. In a controlled
clinical study, 19% of ONPATTRO-treated patients experienced IRRs,
compared to 9% of placebo-treated patients. The most common symptoms of
IRRs with ONPATTRO were flushing, back pain, nausea, abdominal pain,
dyspnea, and headache.

To reduce the risk of IRRs, patients should receive premedication with a
corticosteroid, acetaminophen, and antihistamines (H1 and H2 blockers)
at least 60 minutes prior to ONPATTRO infusion. Monitor patients during
the infusion for signs and symptoms of IRRs. If an IRR occurs, consider
slowing or interrupting the infusion and instituting medical management
as clinically indicated. If the infusion is interrupted, consider
resuming at a slower infusion rate only if symptoms have resolved. In
the case of a serious or life-threatening IRR, the infusion should be
discontinued and not resumed.

Reduced Serum Vitamin A Levels and Recommended Supplementation
ONPATTRO
treatment leads to a decrease in serum vitamin A levels. Supplementation
at the recommended daily allowance (RDA) of vitamin A is advised for
patients taking ONPATTRO. Higher doses than the RDA should not be given
to try to achieve normal serum vitamin A levels during treatment with
ONPATTRO, as serum levels do not reflect the total vitamin A in the body.

Patients should be referred to an ophthalmologist if they develop ocular
symptoms suggestive of vitamin A deficiency (e.g. night blindness).

Adverse Reactions
The most common adverse reactions that
occurred in patients treated with ONPATTRO were upper respiratory tract
infections (29%) and infusion related reactions (19%).
For
additional information about ONPATTRO, please see the full Prescribing
Information
.

About ONPATTRO™ (patisiran) lipid complex injection
ONPATTRO
was approved by the U.S. Food and Drug Administration (FDA) for the
treatment of the polyneuropathy of hereditary transthyretin-mediated
(hATTR) amyloidosis in adults. ONPATTRO is the first and only RNA
interference (RNAi) therapeutic approved by the FDA for this indication.
ONPATTRO utilizes a novel approach to target and reduce production of
the TTR protein in the liver via the RNAi pathway. Reducing the TTR
protein leads to a reduction in the amyloid deposits that accumulate in
tissues. ONPATTRO is administered through intravenous (IV) infusion once
every 3 weeks following required premedication and the dose is based on
actual body weight. Home infusion may be an option for some patients
after an evaluation and recommendation by the treating physician, and
may not be covered by all insurance plans. Regardless of the setting,
ONPATTRO infusions should be performed by a healthcare professional. For
more information about ONPATTRO, visit ONPATTRO.com.

About hATTR Amyloidosis
Hereditary transthyretin
(TTR)-mediated amyloidosis (hATTR) is an inherited, progressively
debilitating, and often fatal disease caused by mutations in the TTR
gene. TTR protein is primarily produced in the liver and is normally a
carrier of vitamin A. Mutations in the TTR gene cause abnormal amyloid
proteins to accumulate and damage body organs and tissue, such as the
peripheral nerves and heart, resulting in intractable peripheral sensory
neuropathy, autonomic neuropathy, and/or cardiomyopathy, as well as
other disease manifestations. hATTR amyloidosis represents a major unmet
medical need with significant morbidity and mortality. The median
survival is 4.7 years following diagnosis. Until now, people living with
hATTR amyloidosis in the U.S. had no FDA-approved treatment options.

Alnylam Assist™
As part of Alnylam's commitment to making
therapies available to those who may benefit from them, Alnylam Assist
will offer a wide range of services to guide patients through treatment
with ONPATTRO, including financial assistance options for eligible
patients, benefit verification and claims support, and ordering
assistance and facilitation of delivery via specialty distributor or
specialty pharmacy. Patients will have access to dedicated Case Managers
who can provide personalized support throughout the treatment process
and Patient Education Liaisons to help patients gain a better
understanding of the disease. Visit AlnylamAssist.com
for more information.

About RNAi
RNAi (RNA interference) is a natural cellular
process of gene silencing that represents one of the most promising and
rapidly advancing frontiers in biology and drug development today. Its
discovery has been heralded as "a major scientific breakthrough that
happens once every decade or so," and was recognized with the award of
the 2006 Nobel Prize for Physiology or Medicine. RNAi therapeutics are a
new class of medicines that harness the natural biological process of
RNAi. Small interfering RNA (siRNA), the molecules that mediate RNAi and
comprise Alnylam's RNAi therapeutic platform, function upstream of
today's medicines by potently silencing messenger RNA (mRNA) – the
genetic precursors – that encode for disease-causing proteins, thus
preventing them from being made. This is a revolutionary approach in
developing medicines to improve the care of patients with genetic and
other diseases.

About Alnylam
Alnylam (NASDAQ:ALNY) is leading the
translation of RNA interference (RNAi) into a whole new class of
innovative medicines with the potential to improve the lives of people
afflicted with rare genetic, cardio-metabolic, and hepatic infectious
diseases. Based on Nobel Prize-winning science, RNAi therapeutics
represent a powerful, clinically validated approach for the treatment of
a wide range of severe and debilitating diseases. Founded in 2002,
Alnylam is delivering on a bold vision to turn scientific possibility
into reality, with a robust discovery platform. ONPATTRO, available in
the U.S. for the treatment of the polyneuropathy of hereditary
transthyretin-mediated (hATTR) amyloidosis in adults, is Alnylam's first
U.S. FDA-approved RNAi therapeutic. Alnylam has a deep pipeline of
investigational medicines, including three product candidates that are
in late-stage development. Looking forward, Alnylam will continue to
execute on its "Alnylam 2020" strategy of building a multi-product,
commercial-stage biopharmaceutical company with a sustainable pipeline
of RNAi-based medicines to address the needs of patients who have
limited or inadequate treatment options. Alnylam employs over 800 people
worldwide and is headquartered in Cambridge, MA. For more information
about our people, science and pipeline, please visit www.alnylam.com
and engage with us on Twitter at @Alnylam
or on LinkedIn.

Alnylam Forward Looking Statements
Various statements in
this release concerning Alnylam's future expectations, plans and
prospects, including, without limitation, Alnylam's views with respect
to the approval of ONPATTRO™ (patisiran) lipid complex injection,
including the approved indication, and the implications of such approval
for patients, the results from its APOLLO Phase 3 clinical trial for
patisiran, its expectations concerning when ONPATTRO will be available
for shipment to healthcare providers in the U.S., its plan to offer
comprehensive support services for people prescribed ONPATTRO through
Alnylam Assist™, the expected timing for additional regulatory filings
for approval in global markets, its expectations regarding the potential
for patisiran to improve the lives of hATTR amyloidosis patients with
polyneuropathy and their families, its plans to work with the FDA to
expand the indication for ONPATTRO in the future, and expectations
regarding its "Alnylam 2020" guidance for the advancement and
commercialization of RNAi therapeutics, constitute forward-looking
statements for the purposes of the safe harbor provisions under The
Private Securities Litigation Reform Act of 1995. Actual results and
future plans may differ materially from those indicated by these
forward-looking statements as a result of various important risks,
uncertainties and other factors, including, without limitation,
Alnylam's ability to discover and develop novel drug candidates and
delivery approaches, successfully demonstrate the efficacy and safety of
its product candidates, the pre-clinical and clinical results for its
product candidates, which may not be replicated or continue to occur in
other subjects or in additional studies or otherwise support further
development of product candidates for a specified indication or at all,
actions or advice of regulatory agencies, which may affect the design,
initiation, timing, continuation and/or progress of clinical trials or
result in the need for additional pre-clinical and/or clinical testing,
delays, interruptions or failures in the manufacture and supply of its
product candidates, obtaining, maintaining and protecting intellectual
property, Alnylam's ability to enforce its intellectual property rights
against third parties and defend its patent portfolio against challenges
from third parties, obtaining and maintaining regulatory approval,
pricing and reimbursement for products, progress in establishing a
commercial and ex-United States infrastructure, successfully launching,
marketing and selling its approved products globally, Alnylam's ability
to successfully expand the indication for ONPATTRO in the future,
competition from others using technology similar to Alnylam's and others
developing products for similar uses, Alnylam's ability to manage its
growth and operating expenses, obtain additional funding to support its
business activities, and establish and maintain strategic business
alliances and new business initiatives, Alnylam's dependence on third
parties for development, manufacture and distribution of products, the
outcome of litigation, the risk of government investigations, and
unexpected expenditures, as well as those risks more fully discussed in
the "Risk Factors" filed with Alnylam's most recent Quarterly Report on
Form 10-Q filed with the Securities and Exchange Commission (SEC) and in
other filings that Alnylam makes with the SEC. In addition, any
forward-looking statements represent Alnylam's views only as of today
and should not be relied upon as representing its views as of any
subsequent date. Alnylam explicitly disclaims any obligation, except to
the extent required by law, to update any forward-looking statements.

View Comments and Join the Discussion!