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Ironwood Pharmaceuticals, Inc. Message Board

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  • jrus2010 jrus2010 Dec 11, 2012 4:24 PM Flag

    IRWD owns a key patent on plecanatide

    The LOI they announced means nothing. The terms will have to be negotiated out to IRWD's satisfaction, otherwise no deal. IRWD will play these guys, and as I said has them over a barrel.

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    • Your an idiot. Terms have already been negotiated.SGYP is going to pay IRWD a "MODEST" royalty.News has been out for awhile, where have you been?

    • The LOI is binding and the broad terms have been outlined and already agreed upon (i.e. royalty limits, global license, etc). Overstating things you don't know about is pathetic. You have no direct line of sight regarding the remaining negotiating points, and logic dictates that both sides had proper legal council and appropriately covered their liabilities.

      Additionally, Ironwood only holds a flimsy method of use patent, not a product patent. And since they have failed to mobilize development activities towards commercialization of a product as defined under the Hatch-Waxman act, Synergy could have easily challenged and won (with high probability) a legal ruling without entering any agreement with Ironwood.

      Bottom line: This agreement clears the way for SGYP to either partner or sell once they've cleared the clinical hurdle in early January.

      • 1 Reply to aany23
      • You clearly haven't been involved in licensing negotiations. There is a pretty large distance between LOI and executed license agreement. Synergy put out this press release not Ironwood. You have to ask, why would Ironwood accommodate a competitor? Spare me Hatch-Waxman, as companies sit on strategic IP all the time...

        Synergy will not at all like the final terms they will be offered. At that point, they can swallow or infringe and litigate. IRWD is in the drivers seat.

 
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