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IONIS PHARMACEUTICALS (IONS)

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Earnings summaries and quarterly performance for IONIS PHARMACEUTICALS.

Research analysts who have asked questions during IONIS PHARMACEUTICALS earnings calls.

Gary Nachman

Gary Nachman

Raymond James

6 questions for IONS

Also covers: ABBV, ACHV, ADMA +9 more
Jay Olson

Jay Olson

Oppenheimer & Co. Inc.

6 questions for IONS

Also covers: ACAD, AMGN, BIIB +22 more
JF

Jessica Fye

JPMorgan Chase & Co.

5 questions for IONS

Also covers: ALKS, ALNY, AMRN +23 more
YZ

Yanan Zhu

Wells Fargo Securities

5 questions for IONS

Also covers: ADAP, AFMD, ARCT +13 more
LI

Luca Issi

RBC Capital Markets

4 questions for IONS

Also covers: ADVM, ALLO, ALNY +12 more
DL

David Lebowitz

Citigroup Inc.

3 questions for IONS

Also covers: ALNY, ARWR, ASND +11 more
MU

Michael Ulz

Morgan Stanley

3 questions for IONS

Also covers: ALNY, ARWR, FATE +8 more
YW

Yaron Werber

TD Cowen

3 questions for IONS

Also covers: ALEC, AMGN, ARGX +14 more
Akash Tewari

Akash Tewari

Jefferies

2 questions for IONS

Also covers: ALKS, APLS, ARGX +15 more
Andy Chen

Andy Chen

Wolfe Research, LLC

2 questions for IONS

Also covers: ARGX, CRNX, IMVT +7 more
CM

Chi Meng Fong

BofA Securities

2 questions for IONS

Also covers: BHC, BYSI, EXEL +2 more
Jason Gerberry

Jason Gerberry

Bank of America Merrill Lynch

2 questions for IONS

Also covers: ALKS, AMPH, ARWR +21 more
MU

Mike Ulz

Morgan Stanley

2 questions for IONS

Also covers: ARWR, YMAB
Mitchell Kapoor

Mitchell Kapoor

H.C. Wainwright & Co.

2 questions for IONS

Also covers: CTMX, HALO, INM +7 more
MM

Myles Minter

William Blair & Company

2 questions for IONS

Also covers: ALEC, ARCT, ARGX +11 more
AN

Avi Nova

Morgan Stanley

1 question for IONS

Also covers: VIR
CC

Cassie Chen

RBC Capital Markets

1 question for IONS

DC

Debjit Chattopadhyay

Guggenheim Securities

1 question for IONS

Also covers: BEAM, BOLD, HOOK +5 more
Gena Wang

Gena Wang

Barclays

1 question for IONS

Also covers: ALNY, BCRX, BLUE +12 more
GW

Gina Wang

Barclays PLC

1 question for IONS

HW

Huidong Wang

Barclays

1 question for IONS

Also covers: ALNY, BCRX, BEAM +15 more
Jacob Roberge

Jacob Roberge

William Blair

1 question for IONS

Also covers: APPN, BL, DDOG +14 more
JG

Jason Gerbery

Bank of America

1 question for IONS

Also covers: VTRS
JW

Jeroen Werber

TD Cowen Inc.

1 question for IONS

LY

Lily Young

Leerink Partners

1 question for IONS

MF

Mani Foroohar

Leerink Partners

1 question for IONS

Also covers: ADVM, ALNY, ARWR +9 more
SE

Steven Eynav

TD Cowen

1 question for IONS

Zaki Molvi

Zaki Molvi

Jefferies

1 question for IONS

Also covers: BMRN, CYTK

Recent press releases and 8-K filings for IONS.

Ionis Pharmaceuticals Announces EU Approval for DAWNZERA™ (donidalorsen)
IONS
Product Launch
New Projects/Investments
  • Ionis Pharmaceuticals, Inc. and Otsuka Pharmaceutical Co., Ltd. announced that the European Commission (EC) has approved DAWNZERA™ (donidalorsen) in the European Union (EU) for the routine prevention of recurrent attacks of hereditary angioedema (HAE) in adults and adolescents aged 12 years and older.
  • The approval is based on positive results from Phase 3 studies, which demonstrated a 94% overall mean monthly HAE attack rate reduction at one year in the OASISplus open-label extension study.
  • Ionis is eligible for a $15 million milestone payment and tiered royalties of up to 30% on net product sales, as Otsuka holds exclusive rights to bring DAWNZERA to patients across Europe and Asia Pacific.
  • DAWNZERA was previously approved by the U.S. Food and Drug Administration in August 2025 for the same indication.
7 hours ago
Ionis Highlights Strong 2025 Performance, Pipeline Progress, and Future Revenue Growth
IONS
Product Launch
Revenue Acceleration/Inflection
New Projects/Investments
  • TRYNGOLZA generated $105 million in U.S. product sales in 2025, with $48 million in Q4 2025.
  • The annual peak product revenue opportunity for Olezarsen in severe hypertriglyceridemia (sHTG) has been increased to >$2 billion, with a U.S. launch expected in 2026 following SNDA submission to the FDA.
  • DAWNZERA received FDA approval on August 21, 2025, for hereditary angioedema (HAE) and is expected to receive EMA approval and launch in Q1 2026.
  • Ionis anticipates three product launches in 2026 for Olezarsen (U.S. for sHTG), Zilganersen (U.S. for Alexander disease), and Bepirovirsen (U.S. & Japan for CHB).
  • The company projects a clear path to sustained positive cash flow, with 2028 cash flow breakeven and potential annual peak product revenue of >$4 billion from Ionis-owned medicines and >$2 billion from partner medicines.
Jan 13, 2026, 4:15 PM
Ionis Pharmaceuticals Presents at J.P. Morgan Healthcare Conference
IONS
Product Launch
Guidance Update
Revenue Acceleration/Inflection
  • Ionis launched its first two independent commercial products, Tringulza and Donzera, in 2025, with Tringulza generating $105 million in U.S. net product sales for the year.
  • The company upgraded its peak net product revenue guidance for Olezarsen in severe hypertriglyceridemia (SHTG) to greater than $2 billion, driven by strong Phase 3 data showing an 85% reduction in acute pancreatitis event rate, with an sNDA filed late in 2025 and launch expected in 2026.
  • Ionis is on a clear path to sustained positive cash flow, aiming for cash flow break-even in 2028, and projects over $6 billion in total annual peak revenue from its wholly-owned pipeline and partner royalties.
  • For 2026, Ionis anticipates five Phase 3 data readouts, four NDA submissions, and three commercial launches, including independent launches for Olezarsen (SHTG) and Zolexarsen (Alexander disease).
Jan 13, 2026, 4:15 PM
Ionis Reports Strong 2025 Product Launches and Upgrades Olezarsen Revenue Guidance
IONS
Product Launch
Guidance Update
Revenue Acceleration/Inflection
  • Ionis launched its first two independent commercial products, Tringulza and Donzera, in 2025, with Tringulza generating $105 million in U.S. net product sales in 2025.
  • The company upgraded its peak product revenue guidance for Olezarsen (for SHTG) from over $1 billion to over $2 billion, with a supplemental NDA filed in late 2025 and launch expected in 2026.
  • Ionis anticipates achieving over $6 billion in total annual peak revenue from its wholly-owned pipeline and partner royalties, and expects to reach cash flow break-even in 2028.
  • By the end of 2026, Ionis plans to have four independent commercial launches, including Olezarsen for SHTG and Zolexarsen for Alexander disease.
Jan 13, 2026, 4:15 PM
Ionis Pharmaceuticals provides business update at J.P. Morgan Healthcare Conference
IONS
Product Launch
Guidance Update
Revenue Acceleration/Inflection
  • Ionis Pharmaceuticals reported $105 million in net U.S. product sales for Tringulza in 2025 and successfully launched its first two independent commercial products, Tringulza and Donzera, in 2025.
  • The company upgraded its peak net product revenue guidance for Olezarsen in severe hypertriglyceridemia (SHTG) to greater than $2 billion, based on strong Phase III results, with a supplemental NDA filed in late 2025 and launch expected in 2026.
  • Ionis anticipates three commercial launches in 2026, including Olezarsen for SHTG and Zolexarsen for Alexander disease, along with five Phase III data readouts this year.
  • The company is on track to achieve cash flow break-even in 2028.
Jan 13, 2026, 4:15 PM
Metagenomi Therapeutics Announces Name Change and Strategic Milestones
IONS
New Projects/Investments
Management Change
  • Metagenomi Therapeutics, Inc. (formerly Metagenomi) has completed its corporate name change, reflecting a strategic evolution focused on later-stage preclinical assets.
  • The company's lead program, MGX-001 for hemophilia A, demonstrated curative FVIII activity in non-human primates and is on track for IND/CTA submissions in 4Q 2026 to initiate first-in-human studies in 2027.
  • The company anticipates its cash runway will extend through 4Q 2027.
  • Jian Irish, Ph.D., M.B.A., was appointed as Chief Executive Officer in conjunction with the strategic evolution.
Jan 12, 2026, 1:30 PM
Ionis Pharmaceuticals, Inc. Reports 2025 TRYNGOLZA Sales and Outlines 2026 Milestones
IONS
Guidance Update
Product Launch
Revenue Acceleration/Inflection
  • Ionis Pharmaceuticals, Inc. reported preliminary U.S. net product sales of $105 million for TRYNGOLZA® (olezarsen) in 2025.
  • The company increased its annual TRYNGOLZA peak net sales guidance to >$2 billion for severe hypertriglyceridemia (sHTG).
  • Ionis anticipates two additional independent launches in 2026: olezarsen for sHTG and zilganersen for Alexander disease.
  • The company expects five Phase 3 readouts and four NDA submissions in 2026 from its owned and partnered programs.
  • Ionis is well-positioned to achieve cash flow breakeven in 2028.
Jan 12, 2026, 12:00 PM
Ionis Pharmaceuticals Provides 2025 Achievements and 2026 Outlook
IONS
Product Launch
Guidance Update
Revenue Acceleration/Inflection
  • Ionis Pharmaceuticals reported preliminary 2025 U.S. net product sales of $105 million for TRYNGOLZA® (olezarsen) and increased its annual olezarsen peak net sales guidance to >$2 billion for severe hypertriglyceridemia (sHTG). The company anticipates two new independent product launches in 2026 (olezarsen for sHTG and zilganersen for Alexander disease) and the European launch of DAWNZERA™ in Q1 2026.
  • The company expects five Phase 3 readouts and four NDA submissions in 2026, including results for pelacarsen in H1 2026 and eplontersen in H2 2026.
  • Ionis aims to achieve cash flow breakeven in 2028 through accelerating revenue growth.
Jan 12, 2026, 12:00 PM
Ionis Pharmaceuticals: GSK Announces Positive Phase 3 Results for Bepirovirsen
IONS
New Projects/Investments
Product Launch
  • Ionis Pharmaceuticals' partner GSK announced positive topline results from two pivotal Phase 3 studies (B-Well 1 and B-Well 2) for bepirovirsen, an investigational treatment for chronic hepatitis B (CHB).
  • The studies met their primary endpoint, demonstrating a statistically significant and clinically meaningful functional cure rate for bepirovirsen.
  • Global regulatory filings for bepirovirsen are planned from Q1 2026.
  • Ionis is eligible to receive an additional $150 million in regulatory and sales milestone payments, along with tiered royalties of 10-12% on net sales of bepirovirsen.
Jan 7, 2026, 7:15 AM
Ionis Pharmaceuticals' QALSODY Long-Term Study Results Published
IONS
New Projects/Investments
  • JAMA Neurology has published final results from the Phase 3 VALOR study and its open-label extension (OLE) for QALSODY (tofersen) in SOD1-ALS, with over 3.5 years of follow-up.
  • Early initiation of QALSODY was associated with a numerically slower decline in clinical function, breathing, and strength, and a reduced risk of death or permanent ventilation.
  • Over three years, a subset of QALSODY-treated participants regained previously lost function and strength, an outcome not previously reported in the natural history of SOD1-ALS.
  • For faster-progressing participants, initiating QALSODY just six months earlier was associated with a 3.4-year extension of event-free-survival.
  • QALSODY, an antisense oligonucleotide (ASO) discovered by Ionis, is approved in 44 countries, including accelerated approval in the US, for adults with a SOD1 gene mutation.
Dec 22, 2025, 4:20 PM