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via finance.yahoo.comBusiness & Companies

Ionis Pharmaceuticals down 50.5% year to date after pelacarsen trial failure

FROM THE WIRE · FINANCE.YAHOO.COM

Ionis Pharmaceuticals shares have fallen sharply year to date, and recent trial news has raised fresh questions about what investors are really paying for in terms of the company's current sales base. With the stock under pressure, the key issue for you is how today's price…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe pelacarsen trial failure reduces expectations for a key growth driver of the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Ionis shares are down 50.5% year to date.
  2. 02The pelacarsen trial, run in a large Novartis-led heart drug study, failed.
  3. 03The article questions whether the valuation matches current sales.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Ionis Pharmaceuticals, Inc.IONSStock39.42 USDMarket closedtoday +1.60%Negative Novartis AGNVSStock162.55 USDMarket closedtoday +0.38%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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