Form 8-K · Current Report · Filed 2024-08-01
Ionis Pharmaceuticals Reports Q2 2024 Financial Results and Business Updates
Ionis Pharmaceuticals, Inc. announced its financial results for the second quarter of 2024, reporting a 20% increase in revenue year-over-year, driven by higher R&D revenue. The company also provided updates on the progress of its drug pipeline, including regulatory milestones for olezarsen and donidalorsen. Ionis expects to end 2024 with $1.7 billion in cash, cash equivalents, and short-term investments. The company's cash balance decreased slightly from the previous quarter due to strategic investments.
- Filer
- Ionis Pharmaceuticals Inc. IONS · NASDAQ
- Filed
- Accession
- 0001140361-24-035233
- CIK
- 0000874015
- Signal
- Low impactHealthcare
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$49.46
Next session
-0.7%
Since filing
+4.7%
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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