Why Ionis Pharmaceuticals Stock Popped Today
Portfolio Pulse from Ryan Gustafson
Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) shares rose after the company announced that the Phase 3 Balance study of olezarsen met the primary endpoint with a significant reduction in triglyceride levels. The company plans to file a New Drug Application with the FDA. The positive results boosted Ionis stock.
September 26, 2023 | 7:49 pm
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Ionis Pharmaceuticals' stock rose after positive Phase 3 results of olezarsen. The company plans to file a New Drug Application with the FDA.
The positive results from the Phase 3 study of olezarsen and the company's plan to file a New Drug Application with the FDA are significant developments for Ionis Pharmaceuticals. These factors are likely to have a positive impact on the company's stock in the short term.
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IMPORTANCE 80
RELEVANCE 100