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Benzinga
Benzinga
Business
Priya Nigam

BofA Downgrades Ionis After Vupanorsen Setback: Are There Upcoming Catalysts That Can Help The Stock?

Ionis Pharmaceuticals IONS BofA Securities

Ionis Pharmaceuticals Inc (NASDAQ:IONS) announced on Monday the discontinuation of the Vupanorsen clinical development program. Following this, there are no high-impact catalysts for the next 12 months that could unlock value, according to BofA Securities.

The Ionis Pharmaceuticals Analyst: Jason Gerberry downgraded the rating for Ionis Pharmaceuticals from Buy to Underperform, while reducing the price target from $40 to $30.

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