Ironwood Pharma (IRWD) Tops Q3 EPS by 2c

Go back to Ironwood Pharma (IRWD) Tops Q3 EPS by 2c

Ironwood Pharmaceuticals Reports Third Quarter 2021 Results and Provides Corporate Development Update

November 4, 2021 7:15 AM EDT

LINZESS® (Iinaclotide) prescription demand growth increased 12% year-over-year; LINZESS U.S. net sales of $253 million, an increase of 5% year-over-year

Total revenue of $104 million; U.S. LINZESS collaboration revenue of $100 million

GAAP net income of $56 million and adjusted EBITDA of $65 million; ended Q3 2021 with $574 million in cash and cash equivalents

Expands pipeline by entering into an option agreement with COUR Pharmaceuticals Development Company, Inc. to acquire an exclusive license to develop and commercialize, in the U.S., CNP-104 for the treatment of primary biliary cholangitis (PBC)

BOSTON--(BUSINESS... More