Biotech News Recap: Pressure On Shares Of Novartis Continues Following Zolgensma Patient Death [Seeking Alpha]
Ionis Pharmaceuticals, Inc. (IONS)
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Biotech News Recap: Pressure On Shares Of Novartis Continues Following Zolgensma Patient Death Summary While interim data from the phase 2 STR1VE trial of Zolgensma in SMA Type 1 was encouraging, it was overshadowed by the death of a second patient. It remains to be seen what steps the FDA takes. May PDUFA date is approaching. Previously Novartis shelled out a whopping $8.7 billion to gain control of the treatment. Ionis Pharmaceuticals (and partner Biogen) would benefit from any setbacks for their competitor, as previously Spinraza sales were thought to face a decline upon Zolgensma's arrival to the market. Gritstone Oncology received a boost from positive FDA guidance which accelerates timeline for its SLATE phase 1 study. GlycoMimetics received more validation of its approach from publication of a paper in Nature Cell Biology. Eli Lilly's Taltz (ixekizumab) achieved primary and all major secondary endpoints in COAST-X Phase 3 study for the treatment of nr-axSpA. Novartis ( NVS anno
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- The Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) First-Quarter Results Are Out And Analysts Have Published New Forecasts [Yahoo! Finance]Yahoo! Finance
- Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Ionis Pharmaceuticals, Inc. (NASDAQ: IONS) had its price target lowered by analysts at Wells Fargo & Company from $85.00 to $82.00. They now have an "overweight" rating on the stock.MarketBeat
- Ionis Pharmaceuticals, Inc. (NASDAQ: IONS) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $60.00 price target on the stock.MarketBeat
- Ionis Pharmaceuticals (IONS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
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- 5/7/24 - Beat
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- 5/7/24 - Form 4
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