Ionis Pharmaceuticals Reports Success with Zanvastro for Alexander Disease
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- Developments
- 1
- Repetition
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New informationRepeats or wire copies
What happened
Ionis Pharmaceuticals reported that its drug Zanvastro successfully treats Alexander disease. The company is currently seeking FDA approval for its treatments, including Tryngolza, for Alexander disease. Separately, the company is facing significant market pressure, with shares being down over 40% this year and nearing half of their 52-week high.
From fool.com
Why it matters
While pursuing regulatory approval for successful treatments, Ionis is managing major clinical risks. The company faced late-stage setbacks this year, including two Phase 3 programs that missed their primary endpoints. These challenges affect the joint development rights between Ionis and Novartis.
Ionis Pharmaceuticals is actively seeking FDA approval for treatments targeting Alexander disease.
From fool.com
Who's involved
- Ionis PharmaceuticalsAmerican pharmaceutical company focused on neurology and cardiometabolic diseases
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The entities involved
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Ionis Pharmaceuticals
American pharmaceutical company
- Alexander