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Ironwood Pharmaceuticals, Inc. Message Board

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  • jrus2010 jrus2010 Nov 27, 2012 3:37 PM Flag

    European Approval!

    European approval is expected by 12/21/12. Here is the relevant history:

    5/4/09 Almirall deal signed which covers all country members of the European Union, plus
    Russia, CIS, Switzerland, Norway and Turkey, as well as other countries of the former
    Yugoslavia.

    9/29/11 MAA submitted by Almirall

    9/21/12 Positive CHMP opinion issued

    The European Commission, which has the authority to approve medicines for use in the European Union, generally follows the recommendations of the CHMP and typically renders a final decision within three months of the CHMP opinion. If the CHMP recommendation is formally adopted by the European Commission, drug would be approved for marketing in all 27 member states of the European Union.

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    • It's surprising then that there's such a heavy hand keeping IRWD down below 11. Perhaps this is a good chance to accumulate shares at a low price, but it could also mean that there's risk involved in one of these decisions, or that the revenue stream from dec sales in the US will be poor. I'll go for accumulation.

 
IRWD
14.17+0.360(+2.61%)Nov 26 4:00 PMEST

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