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Stock impact report

ALS therapy market seen increasing to nearly $1.3B by 2029 [Seeking Alpha]

Ionis Pharmaceuticals, Inc. (IONS) 
Last ionis pharmaceuticals, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ionispharma.com
Company Research Source: Seeking Alpha
The rise is due to several factors, according to a new report from GlobalData. Based on interviews with key opinion leaders, chief among them are the need for disease-modifying therapies and the need to diagnose the disease earlier, which will both increase the treatment population and improve outcomes. "Early intervention results in prolonged treatment periods, further boosting revenue and finally improved patient outcomes enhance product reputation, driving demand and market share," GlobalData Healthcare Analyst Momna Ali noted Currently, there are only six treatments for ALS, also known as Lou Gehrig's disease. The latest to win approval was Biogen's ( NASDAQ: BIIB ) Qalsody (tofersen), approved in 2023. The drug, which was also developed with Ionis Pharmaceuticals ( NASDAQ: IONS ), brought in $5.9M in revenue in 2023. The therapy costs $14,230 per dose. In April, the treatment market was hit with a setback after Amylyx Pharmaceuticals ( AMLX ) said it would pull its drug Re Show less Read more
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