Here's Why Ionis Pharmaceuticals and Akcea Therapeutics Plummeted Today [The Motley Fool]
AKCEA THERAPEUTICS (AKCA)
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Source: The Motley Fool
The FDA gives a thumbs down to their triglyceride-lowering drug Waylivra. Brian Orelli ( TMFBiologyFool ) Aug 28, 2018 at 12:51PM What happened Shares of Akcea Therapeutics ( NASDAQ:AKCA ) are down 26% at 11:41 a.m. EDT while Ionis Pharmaceuticals ( NASDAQ:IONS ) is down 16% after the FDA issued a complete response letter -- the agency's euphemism for a rejection -- for their triglyceride-lowering drug Waylivra that was up for approval for a rare genetic disease called familial chylomicronemia syndrome (FCS). So what Image source: Getty Images. Akcea Therapeutics and Ionis Pharmaceuticals squeaked though the FDA's Metabolism and Endocrinology Products Advisory Committee with a 12-8 recommendation to approve the drug, with a majority of the outside experts voting that the efficacy justified the risk of thrombocytopenia, or low blood
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