Ionis Pharmaceuticals Inc. (NASDAQ:IONS) traded at a new 52-week low today of $41.50. So far today approximately 568,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.
Potential upside of 32.3% exists for Ionis Pharmaceuticals Inc., based on a current level of $41.98 and analysts’ average consensus price target of $55.56.
Ionis Pharmaceuticals is the leading developer of antisense technology to discover and develop novel drugs. Ionis’ broad clinical and preclinical pipeline targets a wide variety of diseases, with an emphasis on cardiovascular, metabolic, neurological, and rare diseases. Ionis and partner Biogen brought Spinraza to market in 2016 as a treatment for a rare neuromuscular disorder, spinal muscular atrophy. Ionis subsequently brought two additional drugs to market via its cardiovascular-focused subsidiary Akcea, including ATTR amyloidosis drug Tegsedi (2018) and cardiology drug Waylivra (Europe, 2019).
In the past 52 weeks, Ionis Pharmaceuticals Inc. share prices are bracketed by a current low of $41.50 and a high of $64.37 and is now at $41.98.
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