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    Ionis Pharmaceuticals Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    4/30/25 11:15:21 AM ET
    $IONS
    Biotechnology: Pharmaceutical Preparations
    Health Care
    Get the next $IONS alert in real time by email
    false000087401500008740152025-04-302025-04-30

    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C.  20549
     
    FORM 8-K
     
    CURRENT REPORT
    PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934
     
    Date of report (Date of earliest event reported):  April 30, 2025
     
    IONIS PHARMACEUTICALS, INC.
    (Exact Name of Registrant as Specified in Charter)
     
    Delaware
    (State or Other Jurisdiction of Incorporation)
     
    000-19125
      33-0336973
    (Commission File No.)
     
    (IRS Employer Identification No.)

    2855 Gazelle Court
    Carlsbad, CA 92010
    (Address of Principal Executive Offices and Zip Code)

     Registrant’s telephone number, including area code: (760) 931-9200


    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

    ☐
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    ☐
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    ☐
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    ☐
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
     
    Securities registered pursuant to Section 12(b) of the Act:

    Title of each class
     
    Trading symbol
     
    Name of each exchange on which registered
    Common Stock, $.001 Par Value
     
    “IONS”
     
    The Nasdaq Stock Market, LLC

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).
      Emerging growth company                ☐
     
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.          ☐
     


    Item 2.02
    Results of Operations and Financial Condition.
     
    On April 30, 2025, Ionis Pharmaceuticals, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the quarter ended March 31, 2025.  In addition to disclosing results that are determined in accordance with Generally Accepted Accounting Principles (“GAAP”), the Company also discloses pro forma or non-GAAP results of operations, which are adjusted from GAAP to exclude non-cash compensation expense related to equity awards and the related tax effects. The Company is presenting pro forma information excluding non-cash compensation expense and the related tax effects because the Company believes it better enables financial statement users to assess and compare its historical performance and project its future operating results and cash flows.  A copy of the release is furnished with this report as an exhibit pursuant to “Item 2.02. Results of Operations and Financial Condition” of Form 8-K in accordance with SEC Release Nos. 33-8216 and 34-47583.
     
    The information in this Current Report on Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.
     
    Item 9.01.
    Financial Statements and Exhibits.
     
    (d) Exhibits.
     
    Exhibit No.
    Description
    99.1
    Press Release dated April 30, 2025.
       
    104
    Cover Page Interactive Data File (embedded within the Inline XBRL document).


    SIGNATURE
     
    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
     

     
    Ionis Pharmaceuticals, Inc.
         
    Dated:  April 30, 2025
    By: 
    /s/ Patrick R. O’Neil

     
    Patrick R. O’Neil

     
    Executive Vice President, Chief Legal Officer and General Counsel



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