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via barrons.comBusiness & Companies

Ionis slashes key drug revenue outlook by 50%, shares fall despite solid earnings

FROM THE WIRE · BARRONS.COM

Shares of Ionis Pharmaceuticals sink after it slashes full-year revenue guidance for one of its flagship drugs.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA steep cut to guidance on a flagship drug weighs on the stock even though the earnings were otherwise solid.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Ionis cut full-year revenue guidance for one of its flagship drugs by 50%.
  2. 02Shares sank after the announcement.
  3. 03Overall earnings were described as solid.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
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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