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Business
Ironwood Signs Pact With Spanish Firm
by Rick Mullin
May 11, 2009
| A version of this story appeared in
Volume 87, Issue 19
Ironwood Pharmaceuticals, based in Cambridge, Mass., has licensed to Spain's Laboratorios Almirall the European rights to develop and commercialize linaclotide, its investigational compound for irritable bowel syndrome. Almirall will pay $40 million up front plus potential precommercial licensing and milestone payments of up to $95 million. Ironwood would also receive royalties on sales in Europe.
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