Ipsen S.A. (IPN.PA; IPSEY) is a global biopharmaceutical company focused on developing and commercializing innovative medicines in oncology, rare diseases, and neuroscience; its core products include Somatuline (lanreotide) and Cabometyx (cabozantinib) for neuroendocrine tumors, renal cell carcinoma, hepatocellular carcinoma, and other cancers; Dysport (abobotulinumtoxinA) for spasticity, cervical dystonia, and aesthetics; and Bylvay (odevixibat) and Iqirvo (elafibranor) for rare liver diseases such as progressive familial intrahepatic cholestasis (PFIC) and primary biliary cholangitis (PBC); the company also advances therapies for growth disorders, rare bone diseases, rare neurogenetic disorders, and neurological conditions. Founded in 1929 as Laboratoires Beaufour and headquartered in Paris, France, Ipsen operates in over 88 countries with approximately 5,000 employees and emphasizes partnerships to build its pipeline, targeting patients with high unmet medical needs. Recent developments include the October 2025 announcement of a definitive agreement to acquire ImCheck Therapeutics for up to €1 billion to expand its oncology pipeline with ICT01, a first-in-class gamma delta T-cell activator for hematological malignancies; expansion of partnerships with Marengo Therapeutics (June 2024) and Skyhawk Therapeutics (April 2024) in oncology and neuroscience; positive Phase II LANTIC trial results for IPN10200 in aesthetics (September 2025), enabling Phase III initiation; regulatory approvals for Bylvay in Japan (September 2025) and Cabometyx in the EU for advanced neuroendocrine tumors (July 2025); and strong nine-month 2025 sales growth of 12.1% at constant exchange rates across all therapeutic areas, prompting an upgraded full-year guidance.