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Ironwood Pharma (IRWD) just unveiled an announcement.
Ironwood Pharmaceuticals has promoted Sravan K. Emany to Senior Vice President, Chief Operating Officer, in addition to his role as Chief Financial Officer, a position held since 2021. His appointment is based solely on his credentials, with no personal or undisclosed financial transactions influencing the decision. Separately, the company has successfully repaid its 2024 Convertible Notes, using a combination of cash on hand and funds from its Revolving Credit Facility, and anticipates a cash balance of around $100 million by the end of June 2024, though this figure is subject to final financial assessments. Investors are reminded of the inherent uncertainties in forward-looking statements and are directed to the company’s SEC filings for potential risks.
For a thorough assessment of IRWD stock, go to TipRanks’ Stock Analysis page.
