Do you know that at this time a trader’s ticker on NASDAQ is “ISIS” ? Can you at least imagine what is in the mind of business people when they see this ? Ok, let’s clarify: this is not about the Islamic State but the confusion is possible. In fact it is only for a few days more because ISIS Pharmaceuticals changes its name. Ionis Pharmaceuticals will be the company name starting on December 22. Its stock exchange ticker symbol will be "IONS."
Chief operating officer Lynne Parshall said in a statement: "Our goal is to create medicines that will save patients' lives, and we are proud to be at the forefront of creating innovative medicines. We decided to change our company name because, when people see or hear our name, we want them to think about the life-saving medicines we are developing." The drugmaker, a $7 billion company, has been around for more than a quarter century. They have one cholesterol drug on the market and treatments in development for a plethora of diseases, including cancer and heart conditions. It took a longtime, of about one year,. for decision of the name’s change to be made.