Ionis Pharmaceuticals’ Zilganersen Gets FDA Fast Track Designation for Rare Neurological Disorder

Ionis Pharmaceuticals’ investigational RNA-targeted therapy zilganersen has received Fast Track designation from the FDA for treating Alexander disease (AxD), an ultra-rare neurological disorder. This designation accelerates the development and review process for drugs addressing serious conditions with unmet medical needs. Zilganersen is the first investigational medicine in clinical development for AxD, which currently lacks any approved therapies. Ionis is also advancing other wholly owned pipeline candidates, including olezarsen for familial chylomicronemia syndrome and donidalorsen for hereditary angioedema, with potential for independent launches.

US Stock Futures Dip as Rubrik Results Disappoint

US stock futures edged lower Tuesday morning, with the Dow futures down slightly. Rubrik, Inc. shares tumbled in pre-market trading following their second-quarter earnings report. While the company beat analyst expectations on both earnings and revenue, the stock still faced pressure, dropping over 8%. Several other stocks also experienced losses in pre-market trading, including Ionis Pharmaceuticals, Applied Digital Corporation, VNET Group, Hewlett Packard Enterprise, Extreme Networks, PureTech Health, and Dropbox.

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