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Ionis earns $5M milestone from J&J on initiation of early-stage study of orally delivered antisense drug for GI disorders

Published 12/21/2017, 07:10 AM
© Reuters.  Ionis earns $5M milestone from J&J on initiation of early-stage study of orally delivered antisense drug for GI disorders
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  • Ionis Pharmaceuticals (NASDAQ:IONS) initiates a Phase 1 clinical trial assessing its first orally delivered antisense drug, IONIS-JBI1-2.5rx, for the treatment of an unspecified gastrointestinal (GI) immune disorder. The drug works by reducing the production of an undisclosed target located in the GI tract.
  • Johnson & Johnson (NYSE:JNJ) unit Janssen Biotech is conducting the study. The action triggers a $5M milestone payment to Ionis.
  • A second orally delivered candidate, IONIS-JBI2-2.5rx, is in preclinical development.
  • Now read: After The Earnings, I Prefer Johnson & Johnson, But Procter & Gamble Is A Better Deal


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