ARTICLE | Deals
Three years after spinout, Ionis brings back Akcea in $500M acquisition
August 31, 2020 10:22 PM UTC
Three years after Ionis spun out its Akcea unit in an IPO, and nearly a year after the parent company installed a new CEO at the subsidiary, Ionis has chosen to retake full ownership of Akcea in a $500 million deal.
The acquisition comes amid a time of transition for Akcea, which has seen eight new senior management appointments and three internal promotions in less than a year...