Reports Q1 revenue $41.1M, consensus $56.7M. The company states: ” The year-over-year decrease in total revenue reflects a change in AbbVie’s gross-to-net rebate reserves in the first quarter of 2025, which is expected to impact the quarterly phasing of LINZESS U.S. net sales in 2025 but is not expected to impact the full-year results. See U.S. Brand Collaboration section of this press release above for further explanation.” Ironwood (IRWD) ended the first quarter of 2025 with $108.5 million of cash and cash equivalents, compared to $88.6 million of cash and cash equivalents at the end of 2024. “LINZESS demand continues to be strong, and we remain on track to meet our full-year 2025 guidance and further, recently raised our adjusted EBITDA guidance. We are making a concerted effort to maximize stockholder value across all areas of the business, including advancing plans for a confirmatory Phase 3 trial for apraglutide and exploring strategic alternatives,” said Tom McCourt, chief executive officer of Ironwood.
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