Ironwood Pharmaceuticals has yet to get a drug approved, yet it shares with a handful of R&D companies an increasingly implausible aspiration to become the next successful, independent, pharmaceutical growth story. Thanks to a corporate culture that values strategic thinking and a financial structure that puts change-of-control decisions in the hands of long-term shareholders, it may be uniquely positioned to achieve that goal.
Christopher Morrison
Sometime between now and the end of 2010, drug discovery and development outfit Ironwood Pharmaceuticals Inc. will find out if it has a real drug on its hands.
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