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Isis Reports Strong Financial Results and Highlights for First Quarter of 2009
Date:5/7/2009

patients with castrate resistant prostate cancer, via the Special Protocol Assessment process.

Isis broadened its pipeline with the addition of new drugs that Isis' partners are developing including,

  • A novel aminoglycoside drug, ACHN-490, which Achaogen is developing to treat bacterial infections.

Isis continues to expand its research and development activities including the evaluation of new and novel targets to treat diseases.

  • Isis presented research at the American Association for Cancer Research (AACR) annual meeting demonstrating the potential of new RNA targets, including a class of non-coding RNAs, to treat cancer.
  • Isis and its collaborators highlighted new antisense therapeutic programs and targets to treat cardiovascular disease and thrombosis at the Arteriosclerosis, Thrombosis and Vascular Biology (ATVB) annual conference, including data from a post-hoc analysis of a recently completed clinical study of mipomersen in which treatment with mipomersen resulted in a decrease in apoC-III.
  • An Isis scientist was awarded the 2008 Ebert Prize for published research that provided the first proof-of-concept for the oral administration of antisense drugs in man.

Corporate Highlights

Isis continues to execute its business strategy by monetizing key assets with partners to continue the development and commercialization of the assets with attractive terms in upfront payments, milestone payments and participation in the commercial success of each asset.

  • Isis sold its Ibis subsidiary to AMI for a total purchase price of $215 million, plus up to 5% earn out on sales of assay kits and services.

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SOURCE Isis Pharmaceuticals, Inc.
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