Shares of Ironwood (IRWD) are moving higher after its partner AbbVie (ABBV) reported Q3 Linzess sales of $315M, which beat Citizens JMP’s estimate of $241M. Analyst Jason Butler views the sales beat as a “clear positive” for Ironwood as it continues to evaluate strategic alternatives. Ironwood in late day trading is up 24%, or 36c to $1.86.
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