Why Alnylam Pharmaceuticals, Inc. Skyrocketed and Ionis Pharmaceuticals Inc Sank Today
Alnylam Pharmaceuticals (NASDAQ: ALNY) is up more than 40% at 11:53 a.m. EDT after the company released positive phase 3 trial data for the Apollo trial testing its RNAi drug patisiran in patients with hereditary ATTR amyloidosis with polyneuropathy. Ionis Pharmaceuticals (NASDAQ: IONS) is down 9.6% because it has a competing drug, inotersen, for the same rare genetic disease.
Ironically, when Ionis released its phase 3 data in May, the same thing happened -- Alnylam went up and Ionis went down -- because Ionis' drug had some side effects and investors were anticipating Alnylam's success.
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Source: Fool.com
Ionis Pharmaceuticals Inc. Stock
€46.39
-2.680%
Currently there is a rather positive sentiment for Ionis Pharmaceuticals Inc. with 26 Buy predictions and 5 Sell predictions.
As a result the target price of 56 € shows a positive potential of 20.72% compared to the current price of 46.39 € for Ionis Pharmaceuticals Inc..
