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Ironwood And Vectivbio Announce Expiration Of Hart-Scott-Rodino Waiting Period For Proposed Acquisition Of Vectivbio

PUBLIC · IRWDJun 16, 2023

Acquiring Company

Ironwood Pharmaceuticals

Acquired Company

VectivBio

BostonBiotechnologyHealth CareMedicalBiotechnologyHealth CareScience And Engineering

Description

Ironwood Pharmaceuticals, Inc. (“Ironwood”) (Nasdaq: IRWD), a GI-focused healthcare company, and VectivBio Holding AG (“VectivBio”) (Nasdaq: VECT), a global clinical-stage biopharmaceutical company pioneering novel, transformational treatments for severe rare gastrointestinal conditions, today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR”), in connection with Ironwood’s pending acquisition of VectivBio, expired at 11:59 p.m., Eastern Time, on June 15, 2023.

Quick answer

Ironwood Pharmaceuticals is acquiring VectivBio, announced June 16, 2023. Ironwood Pharmaceuticals is based in Boston, Massachusetts, United States.

How much did Ironwood Pharmaceuticals pay for VectivBio?
The deal value was not disclosed.
What does Ironwood Pharmaceuticals do?
Ironwood Pharmaceuticals (Nasdaq: IRWD), an S&P SmallCap 600® company, is a leading gastrointestinal (GI) healthcare company on a mission to advance the treatment of GI diseases and redefine the standard of care for GI..
Where are Ironwood Pharmaceuticals and VectivBio based?
Ironwood Pharmaceuticals is based in Boston, Massachusetts, United States.

Source: Fundz verified event record.

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Company Information

Company

Ironwood Pharmaceuticals

Location

100 Summer Street, Suite 2300

Boston, Massachusetts, United States

About

Ironwood Pharmaceuticals (Nasdaq: IRWD), an S&P SmallCap 600® company, is a leading gastrointestinal (GI) healthcare company on a mission to advance the treatment of GI diseases and redefine the standard of care for GI patients. We are pioneers in the development of LINZESS® (linaclotide), the U.S. branded prescription market leader for adults with irritable bowel syndrome with constipation (IBS-C) or chronic idiopathic constipation (CIC). In June 2023, the U.S. Food and Drug Administration also approved LINZESS for the treatment of functional constipation in pediatric patients ages 6-17 years-old. Under the guidance of our seasoned industry leaders, we continue to build upon our history of GI innovation and challenge what has been done before to shape what the future holds. We keep patients at the heart of our R&D and commercialization efforts to reduce the burden of GI diseases and address significant unmet needs. Founded in 1998, Ironwood Pharmaceuticals is headquartered in Boston, Massachusetts. We routinely post information that may be important to investors on our website at www.ironwoodpharma.com. In addition, follow us on Twitter and on LinkedIn.

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Frequently asked

Who acquired VectivBio?

VectivBio was acquired by Ironwood Pharmaceuticals, based in Boston. The deal was reported on June 16, 2023. Ironwood Pharmaceuticals is publicly traded (IRWD) and operates in Biotechnology.

When did Ironwood Pharmaceuticals acquire VectivBio?

Ironwood Pharmaceuticals's acquisition of VectivBio was reported on June 16, 2023. Ironwood Pharmaceuticals, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does VectivBio do?

VectivBio (Nasdaq: VECT) is a global, clinical-stage biotechnology company focused on the discovery, development and commercialization of innovative treatments for severe rare conditions. It is privately held, operating in Biotechnology.

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