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Ionis Pharmaceuticals Inc
XMUN:ISI

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Ionis Pharmaceuticals Inc Logo
Ionis Pharmaceuticals Inc
XMUN:ISI
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Price: 40.18 EUR 0.73%
Market Cap: €3B

Ionis Pharmaceuticals Inc
Investor Relations

Ionis Pharmaceuticals is a drug company that makes medicines based on antisense technology, a way to turn off harmful proteins by targeting RNA before they are made. It spends most of its effort on discovering and developing treatments for serious diseases, especially rare genetic, neurological, cardiovascular, and metabolic conditions. Its pipeline is the main business asset: it creates drug candidates and then tests them through clinical development. Ionis usually makes money in two ways. It earns partnership income when larger pharmaceutical companies help fund development or commercialize a medicine, and it can also collect royalties, milestones, and, for some products, sales revenue. That means it is not a broad drug seller with many large in-house brands; it is more of a specialist research company that turns RNA science into medicines and often shares the later stages of development and marketing with partners. What makes Ionis different is its focus on antisense drugs, which can be designed to hit very specific disease targets. This gives it a clear role in the biotech value chain: it invents and advances the science, while partners often help with large-scale clinical trials, manufacturing, and sales. For investors, the business is easiest to think of as a research-driven platform company that aims to convert a steady stream of new drug ideas into licensing deals and marketed therapies.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 29, 2026
AI Summary
Q2 2026

TRYNGOLZA launch: Ionis said the new severe hypertriglyceridemia launch is off to an encouraging start, with prescriptions on day 1, both doses in channel within about 1 week, and early payer coverage building as expected.

Guidance intact: Management reaffirmed full-year 2026 revenue guidance of $875 million to $900 million, including TRYNGOLZA product sales of $100 million to $110 million and DAWNZERA sales of $110 million to $120 million.

DAWNZERA momentum: DAWNZERA continued to gain share in hereditary angioedema, with second-quarter sales of $26 million, up 63% from Q1, and management said repeat prescribing is growing.

Pipeline catalysts: Ionis highlighted upcoming catalysts including Zilganersen's PDUFA date of September 22, Bepirovirsen's PDUFA date of October 26, and multiple data readouts at ESC later this year.

CARDIO-TTRansform miss: Management reiterated disappointment that eplontersen did not meet the primary endpoint in the overall ATTR cardiomyopathy population, but said analysis continues and a presentation is planned at ESC.

Cash and losses: The company ended Q2 with $2.1 billion in cash and still expects 2026 non-GAAP operating loss of $425 million to $475 million and cash flow breakeven in 2028.

Key Financials
Revenue
$268 million
Revenue
$514 million
Commercial revenue
$119 million
Commercial revenue
$226 million
TRYNGOLZA product sales
$5 million
TRYNGOLZA product sales
$32 million
DAWNZERA product sales
$26 million
DAWNZERA product sales
$42 million
Research and development revenue
$149 million
Research and development revenue
$288 million
Cash, cash equivalents and short-term investments
$2.1 billion
Full year revenue guidance
$875 million to $900 million
TRYNGOLZA full year product sales guidance
$100 million to $110 million
DAWNZERA full year product sales guidance
$110 million to $120 million
Operating expenses growth
low teens percentage range
Non-GAAP operating loss
$425 million to $475 million
Year-end cash balance
greater than $1.6 billion
TRYNGOLZA triglyceride reduction
up to 72%
Acute pancreatitis event reduction
up to 91%
Patients reaching triglycerides below 500 mg/dL
86%
Patients reaching triglycerides below 150 mg/dL
up to 54%
Estimated U.S. sHTG population
3 million
Estimated high-risk sHTG population
1 million
Estimated U.S. Alexander disease patients
approximately 300
Estimated diagnosed Alexander disease patients identified through ICD-10 codes and registries
about half
Estimated U.S. leukodystrophy centers
a dozen
PDUFA date for Zilganersen
September 22
PDUFA date for Bepirovirsen
October 26
Earnings Call Recording
Other Earnings Calls

Management

Dr. Brett P. Monia Ph.D.
Founder, CEO & Director
No Bio Available
Ms. Elizabeth L. Hougen M.A., M.B.A., M.S.
Executive VP of Finance & CFO
No Bio Available
Ms. B. Lynne Parshall Esq., J.D.
Director
No Bio Available
Dr. Richard S. Geary Ph.D.
Executive VP & Chief Development Officer
No Bio Available
Dr. Eric E. Swayze Ph.D.
Executive Vice President of Research
No Bio Available
Mr. Darren Gonzales
Chief Accounting Officer & Senior VP
No Bio Available
Dr. C. Frank Bennett BSc, Ph.D.
Executive VP & Chief Scientific Officer
No Bio Available
Mr. D. Wade Walke Ph.D.
Senior Vice President of Investor Relations
No Bio Available
Mr. Patrick R. O'Neil Esq.
Executive VP, Chief Legal Officer, General Counsel & Corporate Secretary
No Bio Available
Ms. Hayley Soffer
Vice President of Corporate Communications
No Bio Available

Contacts

Address
CALIFORNIA
Carlsbad
2855 Gazelle Court
Contacts
+17609319200
www.ionis.com