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Form 8-K · Current Report · Filed 2024-02-21

Ionis Pharmaceuticals Reports 2023 Financial Results and Provides 2024 Guidance

Ionis Pharmaceuticals, Inc. reported its financial results for the quarter and full year ended December 31, 2023, showing a significant increase in revenue and a smaller operating loss compared to the prior year. The company also provided financial guidance for 2024, expecting continued growth from its commercial portfolio and pipeline. Key highlights include the FDA approval of WAINUA, positive Phase 3 data for olezarsen and donidalorsen, and the expansion of its pipeline with multiple milestones achieved.

Filer
Ionis Pharmaceuticals Inc. IONS · NASDAQ
Filed
Accession
0001140361-24-008700
CIK
0000874015
Signal
Low impactHealthcare

Items reported

Item 2.02

Results of Operations and Financial Condition

General Statement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$44.35

Next session

-0.8%

Since filing

+16.7%

Latest close

$51.77

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from IONS reporting the same item, with the next session's move:

Exhibits (1)

About Ionis Pharmaceuticals Inc.

Ionis Pharmaceuticals Inc. is a biotechnology company focused on discovering and developing RNA-targeted therapeutics. The primary mission of Ionis is to harness its expertise in antisense oligonucleotide technology to address complex genetic disorders. Ionis is pioneering in the field of RNA-targeted drug discovery, aiming to treat a wide range of diseases, including neurological, cardiovascular, metabolic, and cancer-related conditions. Notably, the company has a robust pipeline of drugs in various stages of development and partnerships with leading pharmaceutical companies to expand the reach and impact of its therapeutic discoveries. As an innovative entity in the biotechnology sector, Ionis Pharmaceuticals plays a significant role in advancing medical treatments that target the underlying genetic causes of diseases, thereby offering new hope and potential solutions to patients worldwide. Its advancements contribute substantially to the growth and evolution of personalized medicine, emphasizing the importance of genetic research in modern healthcare.

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