Why the Alnylam Sell-Off Looks Overdone -- and What Investors Are Missing

Alnylam Pharmaceuticals (NASDAQ: ALNY) looks like an investor's nightmare at first glance. The drugmaker's shares have lost more than half their value over the past 12 months. The biotech stock is down more than 20% over the past four weeks.

Some Alnylam shareholders could be sorely tempted to throw in the towel. However, I think there's a strong case that the sell-off is way overdone. And I believe that many investors are missing a bigger story with Alnylam.

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