Ionis Pharmaceuticals' Revenues Rose 85% in 2019
Ionis Pharmaceuticals (NASDAQ: IONS) reported its fourth-quarter and full-year results on Wednesday, and surpassed its revenue and earnings estimates for the year. The company announced over $1.1 billion in revenues for 2019, up from $600 million in 2018. Ionis had $494 million in revenues in the fourth quarter alone.
For 2019, the company reported more than $400 million in net income. And it added another $400 million to its balance sheet, upping the company's cash cushion to $2.5 billion.
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Source Fool.com
