Ionis PharmaceuticalsIONS
About: Ionis Pharmaceuticals is the leading developer of antisense technology to discover and develop novel drugs. Its broad clinical and preclinical pipeline targets a wide variety of diseases, with an emphasis on cardiovascular, metabolic, neurological, and rare diseases. Ionis and Biogen brought Spinraza to market in 2016 as a treatment for spinal muscular atrophy, and Biogen launched ALS drug Qalsody in 2023. Ionis brought two additional drugs to market via its cardiovascular-focused subsidiary Akcea, including ATTR amyloidosis drug Tegsedi (2018) and cardiology drug Waylivra (Europe, 2019). Ionis and AstraZeneca launched polyneuropathy drug Wainua in 2024. Ionis received FDA approval in 2024 for Tryngolza for a rare high-triglyceride syndrome, marking its first independent launch.
Employees: 927
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 4 [Q4 2024] → 6 (+2) [Q1 2025]
32% more call options, than puts
Call options by funds: $24.8M | Put options by funds: $18.8M
2.69% more ownership
Funds ownership: 101.63% [Q4 2024] → 104.31% (+2.69%) [Q1 2025]
4% less funds holding
Funds holding: 351 [Q4 2024] → 336 (-15) [Q1 2025]
11% less capital invested
Capital invested by funds: $5.61B [Q4 2024] → $5.01B (-$606M) [Q1 2025]
13% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 60
18% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 123
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
HC Wainwright & Co. Mitchell Kapoor | 49%upside $50 | Buy Reiterated | 20 May 2025 |
Guggenheim Debjit Chattopadhyay | 91%upside $64 | Buy Maintained | 1 May 2025 |
Needham Joseph Stringer | 64%upside $55 | Buy Maintained | 30 Apr 2025 |
Redburn Atlantic Joshua Smith | 16%upside $39 | Neutral Initiated | 31 Mar 2025 |
JP Morgan Jessica Fye | 34%upside $45 | Neutral Maintained | 24 Mar 2025 |
Financial journalist opinion
Based on 12 articles about IONS published over the past 30 days









