Ironwood Pharmaceuticals (IRWD) surged 44.47% during the intraday session on Friday, marking one of its most significant single-day gains. The stock's sharp rise followed a broader improvement in market sentiment, but the primary driver was company-specific news.
The biopharmaceutical firm announced a bullish 2026 revenue forecast, projecting $450–$475 million, well above analyst estimates of $319.4 million. Additionally, Ironwood expects adjusted EBITDA to exceed $300 million, fueled by strong demand for its constipation drug, Linzess, which is forecasted to generate $1.125–$1.175 billion in U.S. net sales. The company also maintained its 2025 guidance, reinforcing investor confidence.
CEO Tom McCourt highlighted progress in FDA discussions for a short bowel syndrome treatment, further bolstering optimism. The upbeat outlook reversed the stock's 23.9% decline over the past year, attracting heavy buying interest.
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