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Ionis Pharmaceuticals initiated with a Buy at Canaccord

Canaccord last night initiated coverage of Ionis Pharmaceuticals (IONS) with a Buy rating and $110 price target The firm says the company is executing “very well” in its transition to a commercial company with “strong launches” of Tryngolza and Dawnzera. Ionis has a “transformational milestone” in mid-2026 with the expected approval of Tryngolza in severe hypertriglyceridemia, a “very large market,” the analyst tells investors in a research note.

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