BofA raised the firm’s price target on Ionis Pharmaceuticals (IONS) to $83 from $81 and keeps a Buy rating on the shares after the company reported positive topline results from a Phase 3 study of zilganersen in patients with Alexander disease. The news is “an incremental positive” as Ionis could add another product to its expanding commercial portfolio and the data further validates the company’s CNS platform technology, the analyst tells investors.
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