Ionis Pharmaceuticals shares are trading lower after the company announced a $500 million private placement of convertible notes.
Portfolio Pulse from Benzinga Newsdesk
Ionis Pharmaceuticals announced a $500 million private placement of convertible notes, causing its shares to trade lower.

June 07, 2023 | 3:31 pm
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Ionis Pharmaceuticals' stock price is trading lower after announcing a $500 million private placement of convertible notes.
The announcement of a $500 million private placement of convertible notes by Ionis Pharmaceuticals has led to a decrease in its stock price. This is likely due to the dilution of existing shares and the potential increase in debt, which can negatively impact the company's financial position in the short term.
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