Ionis beat revenue estimates by 41% on blockbuster new medicine launches and accelerating royalty income, while losses narrowed sharply despite the absence of a $280M one-time payment that juiced last year's quarter; DAWNZERA and TRYNGOLZA are ramping fast enough that management reaffirmed its path to cash-flow breakeven by 2028.
Ionis Pharmaceuticals :
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Stock Data
$56.56
$2.07 (3.80%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
HEALTHCARE
Industry
BIOTECHNOLOGY
Ionis Pharmaceuticals Inc is a pioneer in creating RNA-targeted therapeutics. With a focus on serious and rare diseases, it has brought to market treatments like SPINRAZA for spinal muscular atrophy and TEGSEDI for polyneuropathy caused by hereditary transthyretin amyloidosis. The company is also advancing a robust pipeline of medicines targeting conditions such as amyotrophic lateral sclerosis, cardiovascular disease, and hepatitis B, among others. Ionis collaborates with leading pharmaceutical companies to enhance its reach and impact. Based in Carlsbad, California, Ionis continues to push the boundaries of medical science.
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