We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: Bennett C. Frank of Ionis Prescription drugs sells $222,113 in inventory By Investing.com
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
Bennett C. Frank of Ionis Prescription drugs sells 2,113 in inventory By Investing.com
The Tycoon Herald > Business > Bennett C. Frank of Ionis Prescription drugs sells $222,113 in inventory By Investing.com
Business

Bennett C. Frank of Ionis Prescription drugs sells $222,113 in inventory By Investing.com

Tycoon Herald
By Tycoon Herald 3 Min Read
Share
SHARE

Bennett C. Frank of Ionis Prescription drugs sells $222,113 in inventory By Investing.com

Bennett C. Frank, Govt Vice President and Chief Scientific Officer at Ionis Prescription drugs Inc. (NASDAQ:), lately reported a big inventory transaction. Based on the most recent SEC submitting, Frank bought 6,752 shares of Ionis frequent inventory on January 16, 2025. The shares have been bought at a median worth of $32.896, amounting to a complete transaction worth of $222,113. The transaction comes as Ionis shares commerce close to their 52-week low of $31.40, with the inventory down roughly 38% over the previous 12 months. The corporate, at the moment valued at practically $5 billion, has confronted difficult market situations.

Along with the sale, the submitting additionally disclosed that Frank acquired 18,011 shares of frequent inventory on January 15, 2025, by the vesting of Restricted Inventory Items. These shares have been acquired for free of charge, as a part of his compensation bundle. Based on InvestingPro, which provides complete evaluation and eight extra key insights about Ionis, the corporate at the moment operates with average debt ranges whereas sustaining robust liquidity.

Following these transactions, Frank holds a complete of 90,866 shares of Ionis Prescription drugs. The inventory transactions have been carried out as a part of routine monetary administration and compliance with the corporate’s fairness incentive plans.

In different latest information, Ionis Prescription drugs has seen vital developments with the FDA’s approval of its drug, TRYNGOLZA, for the therapy of Familial Chylomicronemia Syndrome (FCS). Piper Sandler maintained its Chubby ranking for Ionis, aligning with the corporate’s constructive outlook. The drug, priced at $595,000 per 12 months, is predicted to generate $37 million in U.S. FCS income for the fiscal 12 months 2025, in line with Piper Sandler’s projections.

Alternatively, Needham maintained its Purchase ranking for Ionis, with a worth goal of $60.00. The approval of TRYNGOLZA is a big milestone for the corporate and is predicted to scale back triglycerides by 30.0% on the six-month mark. Needham tasks TRYNGOLZA’s income in 2025 to be $27 million, slightly below the present consensus estimate of $28 million.

Moreover, Ionis reported its third-quarter monetary outcomes for 2024, emphasizing the significance of non-GAAP monetary outcomes. The corporate believes these figures extra precisely mirror its enterprise operations and long-term prospects. These latest developments spotlight Ionis Prescription drugs’ progress and potential within the pharmaceutical business.

This text was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.

You Might Also Like

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa

Gaza residents stream dwelling to the north after hostage breakthrough By Reuters

Greenback positive factors on tariffs fears; euro seems to be to ECB assembly By Investing.com

EQT Real Estate acquires 12-building logistics assemblage positioned in key Northern Italian submarkets By Investing.com

TAGGED:BennettFrankInvesting.comIonisPharmaceuticalssellsstock
Share This Article
Facebook Twitter Email Copy Link Print
Ladies’s World Cup to develop to 48 groups after FIFA agrees transfer from 2031 match
Sports

Ladies’s World Cup to develop to 48 groups after FIFA agrees transfer from 2031 match

The Ladies's World Cup will probably be expanded from 32 to 48 groups in time for the 2035 match in the UK.The choice was taken throughout a digital FIFA Council…

By Tycoon Herald 3 Min Read
Trump Proves Doubters Fallacious Once more With Large Commerce Deal
May 9, 2025
Donald Trump indicators openness to slicing China tariffs forward of Geneva talks
May 9, 2025
Pope Leo’s stance on key points, from local weather change to LGBTQ+ rights to U.S. politics
May 9, 2025
Controversial L.A. Graffiti Home Previously Owned by Chris Brown Again on Market
May 9, 2025

You Might Also Like

Oil falls as Trump repeats name for OPEC to chop costs By Reuters
Business

Oil falls as Trump repeats name for OPEC to chop costs By Reuters

By Tycoon Herald 4 Min Read
Auschwitz survivors to mark eightieth anniversary of camp’s liberation By Reuters
Business

Auschwitz survivors to mark eightieth anniversary of camp’s liberation By Reuters

By Tycoon Herald 3 Min Read
Chinese language AI startup DeepSeek overtakes ChatGPT on Apple App Retailer By Reuters
Business

Chinese language AI startup DeepSeek overtakes ChatGPT on Apple App Retailer By Reuters

By Tycoon Herald 2 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Business

Staff at BHP’s Escondida mine in Chile reject contract provide, union says By Reuters

SANTIAGO (Reuters) -Staff at BHP's Escondida, the world's largest mine, rejected a suggestion for a brand…

By Tycoon Herald
World

Germany’s grandmothers tackle the far-right forward of key state elections

Demonstrators with indicators studying "Grandmas against the far-right" protest in opposition to right-wing extremism and racism…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?