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IONS Ionis Pharmaceuticals Inc

41.97
-1.12 (-2.60%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ionis Pharmaceuticals Inc NASDAQ:IONS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.12 -2.60% 41.97 40.00 44.31 43.76 41.93 43.54 1,375,102 05:00:12

Isis Pharmaceuticals Expands Partnership with AstraZeneca

11/09/2015 1:30pm

Dow Jones News


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Isis Pharmaceuticals Inc. received regulatory clearance Friday for its partnership with AstraZeneca, by which the companies will develop antisense drugs for cardiovascular, metabolic and renal diseases.

Carlsbad, Calif.-based Isis will receive a $65 million upfront payment from AstraZeneca and is eligible for milestone payments during the development process in addition to royalties on potential sales.

The two companies have teamed up before and are in collaboration on several cancer drugs.

Isis has 38 drugs in its pipeline, and partners with Biogen Inc. and Sanofi's Genzyme, among others. The company specializes in RNA-targeted technology to develop antisense drugs. Antisense treatments are small, DNA- or RNA-like compounds that are chemically modified to create drugs.

Separately on Friday, AstraZeneca said it bought a Boulder, Colo., manufacturing facility from Amgen Inc. to support its growing pipeline.

Terms of the deal weren't disclosed and AstraZeneca said the acquisition doesn't affect its 2015 guidance. The site is expected to be operational and licensed for commercial production by late 2017, the company said.

Write to Lisa Beilfuss at lisa.beilfuss@wsj.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

September 11, 2015 08:15 ET (12:15 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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