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Ironwood to cut 100 jobs after acid reflux drug fails study

Christel Deskins 2 years ago

(Reuters) – Ironwood Pharmaceuticals Inc IRWD.O said on Tuesday it will cut about 100 jobs after its therapy to treat digestive disorder refractory gastroesophageal reflux failed to significantly reduce heartburn severity in a late-stage trial. Shares of the drugmaker fell 8% to $8.80, after the company also said it would […]

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