Biotech Analysis Central Pharma News: Roche's Deal, AcelRX Panel Vote, Crispr And Vertex Hold Removal [Seeking Alpha]
Ionis Pharmaceuticals, Inc. (IONS)
Last ionis pharmaceuticals, inc. earnings: 2/26 07:00 am
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Source: Seeking Alpha
Summary Welcome to Biotech Analysis Central Daily News, a daily news report and analysis about what has happened lately in the biotech industry. Roche Enacts Deal With Ionis For Dry AMD Drug News: Recently, Roche ( OTCQX:RHHBY ) announced that it had formed a deal with Ionis Pharmaceuticals ( IONS ) to get its hands on a Dry AMD Drug. According to the deal, Roche will give an upfront payment of $75 million to Ionis to get its hand on this drug. On top of that, Ionis stands to make up to another $684 million in milestone payments. The goal is for Ionis to complete the planned phase 2 study for this Dry AMD candidate IONIS-FB-LRx. Once completed along with another rare severe renal indication advanced, Roche will then have the option to license it. Analysis: This is good news for Roche because it has been seeking new avenues of growth, especially one such as the Dry AMD indication. Roche has been highly focused on cancer for years now, but it has been branching out
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IONS
Earnings
- 2/21/24 - Beat
IONS
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- IONS's page on the SEC website