BUZZ-Ionis Pharma rises after lifting 2025 revenue forecast

Reuters
30 Apr
BUZZ-Ionis Pharma rises after lifting 2025 revenue forecast

** Shares of drugmaker Ionis Pharmaceuticals IONS.O rise 6% to $31.65

** IONS ups 2025 sales forecast to $725 mln to $750 mln, up from prior forecast of at least $600 mln; analysts were expecting 2025 sales to be $659.7 mln - LSEG

** IONS posts Q1 sales of $132 mln vs analysts' est of $125.3 mln - LSEG

** IONS reports Q1 loss of 93 cents, compared with a loss of 98 cents a year ago

** As of last close, stock down 14.7% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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