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Stock Market & Financial Investment News

News Breaks
January 15, 2013
07:06 EDTIRWDIronwood exploring opportunities to strengthen clinical profile of linaclotide
“The past several months have been a remarkable period of time for us at Ironwood – particularly with the commercial launch of LINZESS in the U.S. and the approval of Constella in the E.U.,” said Peter Hecht, CEO of Ironwood. “In December, the joint Ironwood and Forest team stocked LINZESS in over 44,000 pharmacies across the U.S. and began educating over 85,000 physicians. Looking ahead, we will continue to focus on the LINZESS launch, while also exploring development opportunities to strengthen the clinical profile of linaclotide and broaden the product label in other indications and geographies. We will also continue to progress our other pipeline programs, including potential linaclotide-based combination products, IW-9179 for functional dyspepsia and IW-2143 for anxiety, among others. Through these activities, we continue to work towards our overarching goals of delivering differentiated medicines to patients and value to our shareholders.”
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May 22, 2013
06:47 EDTIRWDIronwood likely to raise money again in early 2014, says Cantor
Cantor believes Ironwood's 10.5M share offering provides the company with adequate cash for another three-to-four quarters of operations. However, Cantor thinks Ironwood will need to raise money again in early 2014 and reiterates a Sell rating on the stock with a $9 price target.
May 21, 2013
18:30 EDTIRWDIronwood 10.5M share Secondary priced at $13.00
JPMorgan, BofA/Merrill and Morgan Stanley acted as joint book running managers for the offering.
May 20, 2013
16:05 EDTIRWDIronwood files to sell 10.5M shares of common stock
J.P. Morgan and BofA Merrill Lynch are acting as joint bookrunning managers and as representatives of the underwriters for the offering. Morgan Stanley is acting as bookrunning manager for the offering.
07:11 EDTIRWDIronwood Linzess may not be suitable for some patients, says Cantor
After analyzing clinical data, Cantor believes that doctors will stop prescribing Ironwood's Linzess to patients who are not getting relief from constipation from the drug initially, while other patients will stop using the drug after two to three months. After attending two events connected with the launch of the drug, the firm thinks interest in it is disappointing, and it reiterates a Sell rating on the stock.
May 17, 2013
10:36 EDTIRWDLeerink's major/specialty pharma analyst holds analyst/Industry conference call
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May 15, 2013
11:37 EDTIRWDHigh option volume stocks: CONN IRWD JASO LYV CSC

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