Ionis earns $75 million for advancing IONIS-FXI Rx

14 February 2017

USA-based Ionis Pharmaceuticals (Nasdaq: IONS) announced today the advancement of IONIS-FXIRx in clinical development under an existing exclusive license agreement with Germany’s Bayer (BAYN: DE).

Under this agreement, Ionis will also initiate development of IONIS-FXI-LRx, which uses Ionis' proprietary LIgand Conjugated Antisense, or LICA, technology. In conjunction with the decision to advance these programs, Ionis will receive a $75 million payment from Bayer.

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