Ironwood Pharma (IRWD) Tops Q1 EPS by 3c, Revenues Miss; Offers FY21 Revenues Guidance Above Consensus

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Ironwood Pharmaceuticals Announces New $150 Million Share Repurchase Program

May 6, 2021 7:03 AM EDT

BOSTON--(BUSINESS WIRE)-- Ironwood Pharmaceuticals, Inc. (Nasdaq: IRWD), a GI-focused healthcare company, announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $150 million of its outstanding shares of common stock through December 2022.

Ironwood maintains a disciplined and thoughtful... More

Ironwood Pharmaceuticals Reports First Quarter 2021 Results

May 6, 2021 7:00 AM EDT

LINZESS® (Iinaclotide) U.S. net sales of $215 million, an increase of 12% year-over-year

Total revenue of $89 million, an increase of 11% year-over-year, driven primarily by U.S. LINZESS collaboration revenue of $86 million

GAAP net income of $40 million and adjusted EBITDA of $46 million; ended Q1 2021 with $438 million in cash and cash equivalents

Maintaining full year 2021 financial guidance

BOSTON--(BUSINESS... More