1 insider bought €923k of shares over the last 90 days, the latest filed 31 Jul 2026.
Every trade that managers of Ionis Pharmaceuticals Inc disclose to SEC (Form 4) is tracked on this page. The company sits in the Healthcare & Pharma sector. Over the twelve months to 18 October 2026, the company's managers filed 116 filings, from 31 insiders.
On the market, 1 insider bought (2 purchases totalling €923k) while 15 insiders sold (39 sales totalling €16.5M). The amount is not disclosed for 8 filings. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. The buyers include 1 senior executive. Monia Brett P filed the largest sale, €2.1M, on 10 February 2026.
With 116 filings in twelve months, the company is more active than the median of 19 filings across the 5,813 companies we follow on the same exchange. Since 2016, the database holds 4 purchases and 139 sales by insiders of the company. In its latest annual report filed with the SEC (10-K, fiscal year ended 31 December 2025), the company reported revenue of 943.7 m USD and net income of -381.4 m USD.
The clock since the last published purchase (31 July 2026) now reads 78 days. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. For comparison, the SEC allows two business days to file a Form 4. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.
Elsewhere in the same sector, our signals recently picked up insider purchases at Anixa Biosciences Inc and Vivos Inc. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
+12 other insiders
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analysts rate Ionis Pharmaceuticals Inc Buy (bullish), based on 22 analysts. Average price target: US$83.64.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Transparent value + quality ranking, distinct from the insider signal.
FY ended December 2025 · cache
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Ionis Pharmaceuticals, Inc. (ticker: IONS) is a U.S.-listed biopharmaceutical company traded on the Nasdaq in the United States. Headquartered in Carlsbad, California, and founded in 1989, Ionis is widely regarded as one of the pioneers of antisense technology and RNA-targeted medicines. Its business model now combines an emerging wholly owned commercial platform with a substantial base of partnered programs and royalty revenue, giving the company a distinctive profile in the mid-cap biotechnology universe.
Ionis built its reputation by advancing oligonucleotide-based therapeutics for genetically driven and otherwise hard-to-treat diseases. The company’s core scientific edge is its proprietary RNA-targeted drug discovery platform, which is designed to modulate disease-causing proteins by acting upstream at the RNA level. This platform has produced a deep pipeline and a track record of important regulatory and commercial firsts. Ionis now markets several medicines directly or through partners, including TRYNGOLZA (olezarsen), approved for familial chylomicronemia syndrome; DAWNZERA (donidalorsen), approved for hereditary angioedema prophylaxis; and WAINUA (eplontersen), approved for hereditary transthyretin-mediated amyloidosis with polyneuropathy. It also receives royalties from partnered products such as SPINRAZA and QALSODY, both commercialized by Biogen. In addition, older assets such as TEGSEDI and WAYLIVRA remain available in selected international markets.
From a competitive standpoint, Ionis occupies a differentiated niche at the intersection of rare disease, neurology, cardiovascular risk, and RNA therapeutics. Its competitive moat is not scale in the traditional pharma sense, but rather scientific depth, platform leadership, and a growing ability to translate research assets into commercial franchises. For investors, the company increasingly looks like a transition story: from a long-duration R&D organization into a more integrated commercial-stage biotech with a more visible earnings trajectory.
Geographically, the United States remains the company’s most important market, but Ionis also has approved products and commercial arrangements across Europe, Canada, and other regions through partners. Recent catalysts have been meaningful. In 2026, Ionis highlighted strong momentum from the U.S. launches of TRYNGOLZA and DAWNZERA, while also advancing late-stage and regulatory programs such as zilganersen for Alexander disease and the potential broader commercialization of olezarsen in severe hypertriglyceridemia. The company has also emphasized improving financial momentum, supported by product sales, royalties, and collaboration revenue, which is important for investors assessing the durability of its growth story.
Purchases our model currently ranks for the recommendations list.
All recommendations| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2025 | 943.7 m USD | -381.4 m USD | -2.38 USD | 10-K |
| Dec 2024 | 705.1 m USD | -453.9 m USD | -3.04 USD | 10-K |
| Dec 2023 | 787.6 m USD | -366.3 m USD | -2.56 USD | 10-K |
| Dec 2022 | 587.4 m USD | -269.7 m USD | -1.90 USD | 10-K |
| Dec 2021 | 810.5 m USD | -28.6 m USD | -0.20 USD | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.