Ionis Pharmaceuticals Has Collaborated With Novartis To Discover, Develop, And Commercialize Novel Medicine For Lipoprotein(a)-driven Cardiovascular Disease; Ionis Will Receive A $60M Upfront Payment
Portfolio Pulse from Benzinga Newsdesk
Ionis Pharmaceuticals has partnered with Novartis to discover, develop, and commercialize a novel medicine for Lipoprotein(a)-driven cardiovascular disease. Ionis will receive a $60M upfront payment. This expands their existing collaboration on the development and commercialization of pelacarsen, which Novartis is currently evaluating in a Phase 3 cardiovascular outcome study.
August 04, 2023 | 1:01 pm
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POSITIVE IMPACT
Ionis Pharmaceuticals has entered into a lucrative partnership with Novartis, which includes a $60M upfront payment. This could potentially boost Ionis' revenues and stock price in the short term.
The partnership with Novartis, a major player in the pharmaceutical industry, and the $60M upfront payment, could significantly boost Ionis' revenues. This positive news could drive investor interest and potentially increase the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Novartis has expanded its partnership with Ionis Pharmaceuticals to develop a novel medicine for cardiovascular disease. This could potentially enhance Novartis' product portfolio and future revenues.
The expanded partnership with Ionis Pharmaceuticals could potentially enhance Novartis' product portfolio and future revenues. This positive news could drive investor interest and potentially increase the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100