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via seekingalpha.comBusiness & Companies

Novartis abandons Ionis heart drug after trial setback

FROM THE WIRE · SEEKINGALPHA.COM

Novartis (NVS) is ending the development of heart drug pelacarsen discovered by Ionis Pharmaceuticals (IONS) after a late-stage trial setback. Read more here.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishAbandoning a late-stage drug weighs on pipeline expectations for Novartis and Ionis.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Novartis is ending development of the heart drug pelacarsen.
  2. 02The drug was discovered by Ionis Pharmaceuticals.
  3. 03The decision follows a late-stage trial setback.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Novartis AGNVSStock162.55 USDMarket closedtoday +0.38%Negative Ionis Pharmaceuticals, Inc.IONSStock39.42 USDMarket closedtoday +1.60%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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