I am designing siRNA for a gene knockdown study and was wondering if an siRNA designed for one transcript variant of a gene also targets other transcript variants. Is this the case?
If the siRNA target sequence is present in both transcript isoforms, you can assume that the siRNA will target both. If you are trying to target one isoform specifically, then you need to select a target site that is unique to that isoform (e.g. a exon-exon junction not present in another isoform).
try to blast your SiRNA sequence in UCSC (http://genome.ucsc.edu) and see in the genome browser of the blast results if it blast under all transcripts.