Cathie Wood Invests $15.3 Million in Ionis Pharmaceuticals Amid Stock Decline
Cathie Wood's ARK Genomic Revolution ETF has invested $15.3 million in Ionis Pharmaceuticals (IONS) following a stock decline due to a late-stage trial failure for one of its drugs, eplontersen. Despite the setback, Wood appears confident in IONS' long-term potential.
Topics: Biotech ETF Investing Ionis Pharmaceuticals Pharmaceuticals