Ionis Pharmaceuticals Enters License Agreement With Otsuka Pharmaceutical Under Which Otsuka Obtained Exclusive Europe Rights To Commercialize Donidalorsen; Ionis Will Receive$65M In Upfront Payments And Milestones Based On Regulatory And Sales Targets
Portfolio Pulse from Bill Haddad
Ionis Pharmaceuticals has entered into a licensing agreement with Otsuka Pharmaceutical, granting Otsuka exclusive rights to commercialize donidalorsen in Europe. Ionis will receive $65 million in upfront payments and additional milestone payments based on regulatory and sales targets.

December 18, 2023 | 9:03 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ionis Pharmaceuticals will receive $65 million in upfront payments from Otsuka Pharmaceutical for the exclusive rights to commercialize donidalorsen in Europe, with more payments to follow based on regulatory and sales milestones.
The licensing agreement with Otsuka Pharmaceutical is a significant financial event for Ionis Pharmaceuticals, providing a substantial upfront payment and the potential for future revenue through milestone payments. This influx of cash can be used to further research and development, making it a positive development for Ionis. The deal is directly related to Ionis and is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100