Mon, Jan 26, 2015, 10:49 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Ironwood Pharmaceuticals, Inc. Message Board

  • ding_king2000 ding_king2000 Sep 20, 2012 8:30 PM Flag

    Synergy Pharmaceuticals Inc to pay Ironwood a royalty.




    Entry into a Material Definitive Agreement

    Item 1.01 Entry into a Material Definitive Agreement
    On September 14, 2012, Synergy Pharmaceuticals Inc. (the "Company") entered into a binding letter of intent (the "LOI") with Ironwood Pharmaceuticals, Inc. ("Ironwood") pursuant to which the Company and Ironwood agreed to enter into a definitive license agreement giving the Company an exclusive worldwide license to Ironwood's method of use patents on plecanatide for the treatment of chronic constipation. The LOI contemplates a low single digit royalty on net sales and both parties agreed not to challenge each other's patents covering certain GC-C agonists. The Company retains the right to challenge Ironwood's method of use patents on plecanatide.

    Sentiment: Strong Buy

16.66+0.68(+4.26%)Jan 26 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.