Shots:

• Ionis will acquire all the outstanding shares of Akcea common stock it does not already own- ~24%- for $18.15/share in cash- making a total deal value as $500M. The transaction is expected to be completed in Q4’20
• Following the completion of the acquisition- Ionis will get access to Akcea's rich pipeline and commercial products which will strengthen its financial position and supports its capital allocation strategy
• Ionis will gain full access to Akcea's cash on hand of ~$390M as of June 30- 2020- and future cash flows to further invest in the company's future and will achieve meaningful cost synergies

­ Ref: PRNewswire | Image: Rawpixel