H.C. Wainwright analyst Mitchell Kapoor has maintained their bullish stance on IONS stock, giving a Buy rating today.
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Mitchell Kapoor has given his Buy rating due to a combination of factors that highlight Ionis Pharmaceuticals’ strategic position in the hereditary angioedema (HAE) market. The recent FDA approval of DAWNZERA, a treatment for HAE, positions it to capture significant market share from Takeda’s TAKHZYRO, primarily due to its more convenient dosing schedule and favorable patient preference data. DAWNZERA offers a dosing advantage with a less frequent administration requirement, which is expected to appeal to the majority of TAKHZYRO patients who currently face a higher treatment burden.
Furthermore, DAWNZERA’s efficacy and safety profile are competitive, with fewer injection site reactions and more convenient storage conditions compared to TAKHZYRO. The drug also benefits from published switch data that supports its effectiveness in reducing attack rates and improving patient outcomes, which is anticipated to resonate well with physicians and patients alike. Ionis Pharmaceuticals has strategically positioned itself with a dedicated sales force to efficiently cover the concentrated HAE market, further supporting the potential for DAWNZERA’s successful market penetration. These factors collectively underpin Kapoor’s increased probability of success for DAWNZERA and the raised price target for Ionis Pharmaceuticals’ stock.
In another report released today, Piper Sandler also maintained a Buy rating on the stock with a $65.00 price target.