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

he execution of our business strategy both with our large pharmaceutical partners and our satellite companies, which enables us to build value through our successes and the successes of our partners. Over the last two years, we have added four new large pharmaceutical partners and five new satellite company partners. These partnerships not only result in financial benefit, but most importantly, they continue to expand and advance our pipeline. For instance, since 2007 together with our partners, we have added five new drugs to our pipeline, initiated clinical trials on seven of the drugs in our pipeline and presented positive clinical data on many of the drugs in our pipeline. Since 2007, we have also added more than $750 million in cash from our partnerships. Because of these achievements, we have the financial strength and momentum to support continuing progress in 2009."

Upcoming Key Milestones

  • Report data from a Phase 3 study evaluating mipomersen in homozygous Familial Hypercholesterolemia (FH) patients and from additional mipomersen studies in other patient populations
  • Report data from a Phase 2 study evaluating ISIS 113715 in combination with sulfonylureas in patients with type 2 diabetes
  • Begin clinical trials on one to three additional drugs in 2009; two clinical trials have already been initiated this year
  • Expand pipeline by moving two to four additional drugs into development; one new drug has already been moved into development this year

Financial Results

As a result of selling Ibis to AMI, Isis is reporting Ibis' financial results as discontinued operations. Accordingly, Isis has presented all periods of Ibis' operating results in Isis' financial statements separately as discontinued operations. The discontinued operations line in the first quarter of 2009 also i
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SOURCE Isis Pharmaceuticals, Inc.
Copyright©2009 PR Newswire.
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