Ionis And Biogen: Tofersen PDUFA Looms - Positive Outcome May Kick Off Bull Run For Both Stocks

Apr. 06, 2023 11:51 AM ETBiogen Inc. (BIIB) Stock, IONS StockBIIB, IONS19 Comments

Summary

  • Ionis and Biogen have been partnering on antisense drug development for a decade.
  • The two companies won approval for $1.8bn (in 2022) Spinraza, indicated for Spinal Muscular Atrophy.
  • Tofersen, indicated for ALS, is not expected to generate peak revenues much higher than $300m.
  • Nevertheless, Ionis and Biogen also have Alzheimer's, Parkinson's, and another ALS drug in their dual development pipeline.
  • I argue that Tofersen's approval - which seems likely - could kick off a fruitful period for both companies - if both hit their approval targets their stock ought to be capable of significant growth.
  • We're about to raise prices at my private investing ideas service, Haggerston BioHealth, where members get access to portfolios, market alerts, real-time chat, and more. Learn More »
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Investment Overview

Ionis Pharmaceuticals (NASDAQ:IONS) and Biogen (NASDAQ:BIIB) have been collaboration partners since 2012. According to a statement in Ionis' 2022 10K submission:

We and Biogen are currently developing numerous investigational medicines to treat neurodegenerative diseases under our collaborations, including medicines

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This article was written by

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Edmund Ingham is a biotech consultant. He has been covering biotech, healthcare, and pharma for over 5 years, and has put together detailed reports of over 1,000 companies. He leads the investing group Haggerston BioHealth.

The group is for both novice and experienced biotech investors. It provides catalysts to look out for and buy and sell ratings. It also provides product sales and forecasts for all the Big Pharmas, forecasting, integrated financial statements, discounted cash flow analysis and market by market analysis. Learn more.

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