NEW YORK (AP) -- Isis Pharmaceuticals, which shares a name with the Islamic State extremist group, has changed its name to Ionis Pharmaceuticals after resisting to do so for some time.
The drug developer says its old name was a distraction since it was associated with the Islamic State, which is commonly known by its acronym ISIS. The group has claimed responsibility for several violent attacks around the world, including the gun and bomb massacres in Paris last month.
When it was founded 27 years ago, the drugmaker was named after Egyptian healing goddess Isis. The company, based in Carlsbad, California, develops drugs for rare diseases.
Next week, it will also change its ticker symbol to "IONS" from "ISIS."