BUZZ-Ionis Pharma rises on better-than-expected quarterly results

Reuters
19 Feb
BUZZ-Ionis Pharma rises on better-than-expected quarterly results

** Drugmaker Ionis Pharmaceuticals' IONS.O shares rise 4.5% to $33.40 premarket

** IONS posts Q4 sales of $227 mln, above analysts' est of $137.6 mln - LSEG

** Co reports Q4 loss of 66 cents/share vs analysts' est loss of $1.12/share - LSEG

** Co expects 2025 rev to be over $600 mln; analysts on avg expect 2025 rev to be $676 mln - LSEG

** As of December 31, 2024, IONS had cash, cash equivalents and short-term investments of $2.3 bln

** Co forecasts cash, cash equivalents and short-term investments of about $1.7 bln for 2025

** IONS fell ~34% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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