Ionis Pharmaceuticals, Inc., a commercial-stage biotechnology company, provides RNA-targeted medicines in the United States. The company offers TRYNGOLZA reduces triglyceride levels in adults with familial chylomicronemia syndrome (FCS) and acute pancreatitis; DAWNZERA for prophylaxis to prevent attacks of hereditary angioedema in adults; WAINUA for the treatment of the polyneuropathy of hereditary transthyretin-medicated amyloidosis (ATTRv-PN) in adults; and SPINRAZA for pediatric and adult patients with spinal muscular atrophy (SMA). It also provides QALSODY for the treatment of Amyotrophic Lateral Sclerosis (ALS); TEGSEDI for the treatment of ATTRv-PN in adults; and WAYLIVRA for treatment for FCS and familial partial lipodystrophy. It also develops products under Phase 3 clinical trials, such as Olezarsen for patients with hypertriglyceridemia (SHTG) and cardiovascular disease (CVD); and Zilganerse, a potential treatment for people with genetically confirmed Alexander disease, as well as ION582 which is in Phase 3 clinical trial for the potential treatment of AS, a rare genetic neurological disease. In addition, the company develops Eplontersen to degrade mutant and wild-type TTR mRNA through binding to the TTR mRNA; Pelacarsen to inhibit the production of apolipoprotein(a) in the liver to offer a direct approach for reducing lipoprotein(a); Bepirovirsen to inhibit the production of viral proteins associated with hepatitis B virus; Sefaxersen to reduce the production of complement factor B and lower activation of the alternative complement pathway; and Ulefnersen to reduce the production of the fused in sarcoma, as well as other mid-stage pipeline investigational medicines. It has a strategic collaboration with Biogen for the treatment of neurological disorders; and collaboration and license agreement with GSK, AstraZeneca, Novartis, and Roche, as well as with Metagenomi. The company was incorporated in 1989 and is headquartered in Carlsbad, California.
Strategic Catalysts | Upcoming Phase 3 data for Olezarsen in sHTG could be a game-changer, potentially expanding Ionis's market position and driving stock performance |
Market Challenges | Delve into Ionis's competitive landscape, facing established players in HAE and ATTR markets, and the impact on commercial success |
Financial Outlook | Analyst projections vary, with price targets ranging from $40 to $78. 2025 revenue guidance exceeds $600 million, driven by Tryngolza and donidalorsen |
Pipeline Promise | Explore Ionis's diverse drug pipeline, addressing rare diseases with RNA-targeted therapeutics and potential for significant market expansion |

Metrics to compare | IONS | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipIONSPeersSector | |
|---|---|---|---|---|
P/E Ratio | −33.3x | 15.6x | −0.5x | |
PEG Ratio | −1.55 | 3.19 | 0.00 | |
Price / Book | 25.9x | 6.7x | 2.6x | |
Price / LTM Sales | 13.4x | 3.9x | 3.2x | |
Upside (Analyst Target) | 32.8% | 36.0% | 45.7% | |
Fair Value Upside | Unlock | 35.7% | 4.8% | Unlock |