Welcome to our dedicated page for Ionis Pharmaceuticals news (Ticker: IONS), a resource for investors and traders seeking the latest updates and insights on Ionis Pharmaceuticals stock.
Ionis Pharmaceuticals, Inc. (NASDAQ: IONS) is a leading biotechnology company headquartered in Carlsbad, California. Founded in 1989, Ionis has been pioneering the discovery and development of antisense drugs, with an impressive portfolio of over 1300 patents. Ionis focuses on creating innovative RNA-targeted therapies for complex diseases, particularly in the areas of cardiovascular, metabolic, neurological, and rare genetic disorders.
Ionis has successfully brought several groundbreaking medicines to market. Notable achievements include the development of Spinraza, in collaboration with Biogen, which was launched in 2016 to treat spinal muscular atrophy, a rare neuromuscular disorder. In 2023, Biogen also launched Qalsody for ALS, further extending the impact of Ionis' antisense technology.
Through its cardiovascular-focused subsidiary, Akcea Therapeutics, Ionis has introduced drugs like Tegsedi for ATTR amyloidosis and Waylivra in Europe for cardiology indications. The company continues to advance its pipeline with promising candidates such as olezarsen, an investigational RNA-targeted therapy for familial chylomicronemia syndrome (FCS). Ionis' ongoing Phase 3 trials for olezarsen have shown promising results, with significant reductions in triglyceride levels and improvements in related health outcomes.
Ionis' commitment to innovation and patient care is also evident in its robust financial health and strategic partnerships. With a deep understanding of disease biology and cutting-edge technology, Ionis continues to drive advancements in RNA therapies and gene editing, aiming to deliver life-changing medicines for patients around the world.
Recently, Ionis announced positive clinical trial results for several of its investigational drugs and plans to pursue regulatory approvals for these therapies. The company's pipeline is well-positioned to address unmet medical needs in various therapeutic areas, promising a steady flow of new treatments in the coming years.
For more detailed information about Ionis Pharmaceuticals, its products, and career opportunities, visit their official website at www.ionispharma.com.
Ionis Pharmaceuticals announced that its management will participate in a fireside chat at the TD Cowen Genetic Medicines & RNA Summit on June 20, 2024. The event will be virtual, and a live webcast will be available on the Ionis website. Interested parties can access the webcast on the Investors & Media section of the website, with a replay available within 48 hours for a time.
Ionis Pharmaceuticals revealed positive Phase 3 results for donidalorsen in treating hereditary angioedema (HAE). The OASIS-HAE and OASISplus studies showed significant reductions in mean monthly HAE attack rates, with a >90% reduction over one year. Patients switching from other treatments saw a 62% further reduction, and 84% preferred donidalorsen. Favorable safety and tolerability were reported across all cohorts. Ionis plans to seek regulatory approval based on these results. These findings will be presented at the EAACI Congress 2024, and Ionis aims to launch donidalorsen as part of its independent commercial pipeline.
Ionis Pharmaceuticals (NASDAQ: IONS) announced a live webcast scheduled for May 31, 2024, at 8:00 a.m. Eastern Time to discuss the donidalorsen Phase 3 OASIS-HAE study results. These results will be presented during three late-breaking oral presentations at the 2024 EAACI Annual Meeting in Valencia, Spain. The webcast and a -time replay can be accessed at the Ionis website.
Ionis Pharmaceuticals (Nasdaq: IONS) will present new subgroup analyses from its Phase 3 NEURO-TTRansform study of WAINUA™ (eplontersen) at the 2024 International Symposium on Amyloidosis (ISA). The study highlights consistent benefits in neuropathy impairment and quality of life across various patient segments. WAINUA, approved by the FDA in December 2023 for treating hATTR-PN, will have several notable presentations on May 29, 2024. Additionally, eplontersen is being evaluated in the Phase 3 CARDIO-TTRansform study for transthyretin-mediated amyloid cardiomyopathy (ATTR-CM). This study, with over 1,400 patients, is the largest in this patient population.
Ionis Pharmaceuticals and Biogen announced the discontinuation of BIIB105 (ION541), an investigational antisense oligonucleotide for amyotrophic lateral sclerosis (ALS), based on Phase 1/2 ALSpire study results. Despite demonstrating statistically significant reductions in cerebrospinal fluid ATXN2 protein, BIIB105 did not lower plasma neurofilament light chain (NfL) levels, nor did it impact clinical outcomes such as function, breathing, and strength over a 6-month period. Common adverse events included procedural pain, headache, and fall, with higher discontinuation rates in the BIIB105 group. Further analyses of the data are ongoing, and results will be presented at the European Network to Cure ALS (ENCALS) meeting in June 2024.
Ionis Pharmaceuticals announced positive topline results from its Phase 1/2a trial of ION582 for Angelman syndrome, a serious neurodevelopmental disorder. The HALOS study showed ION582 to be safe and well-tolerated, with consistent improvements across cognition, communication, and motor functions. Approximately 65-70% of patients showed improvements in key functional areas at six months. Ionis plans to advance ION582 into a pivotal trial and present detailed data at an upcoming medical meeting. However, Biogen has opted not to license ION582.
Ionis Pharmaceuticals announced it will hold its 2024 virtual Annual Meeting of Stockholders on June 6, 2024. The event will start at 5:00 p.m. ET, with stockholders of record as of April 8, 2024, invited to participate. A general corporate update, including a Q&A session, will follow at 5:30 p.m. ET, presented by CEO Brett P. Monia. Stockholders will receive proxy cards needed to log in, vote, and submit questions. Technical assistance will be available. The event will be webcast live, with an archived replay available later.
Ionis Pharmaceuticals, Inc. reported its first quarter 2024 financial results, highlighting positive Phase 3 data for HAE and regulatory submissions for olezarsen. The company remains on track to achieve its 2024 financial guidance, with revenue totaling $119 million and operating expenses increasing due to strategic investments in new products. Ionis' cash and short-term investments stand at $2.2 billion, supporting planned upcoming launches and reaffirmed financial guidance.
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