Biogen boosts investment in neurology with $1 billion Ionis deal

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Ionis Pharmaceuticals (IONS) PT Raised to $75 at BMO Capital on Expanded Biogen Deal

April 20, 2018 9:51 AM EDT

BMO Capital raised its price target on Ionis Pharmaceuticals (NASDAQ: IONS) to $75.00 (from $70.00) while maintaining a Outperform rating.

Analyst Do Kim commented, "We are raising our target price to $75 from $70, as an expanded collaboration with Biogen brings in $1bn cash, consisting of an... More