Ironwood Pharmaceuticals Maintains FY23 Linzess U.S. Net Sales Growth Of 6%-8%, With Total Revenue Guidance Of $435M-$450M Versus Consensus Of $444.02M
Portfolio Pulse from Benzinga Newsdesk
Ironwood Pharmaceuticals projects FY23 Linzess U.S. net sales growth of 6%-8%, with total revenue guidance of $435M-$450M, aligning with a consensus of $444.02M. The company also anticipates an adjusted EBITDA of approximately $(900)M for FY23, which includes a one-time charge of about $1.1 billion due to the acquisition of VectivBio.
January 08, 2024 | 11:05 am
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Ironwood Pharmaceuticals expects a steady growth in Linzess sales and total revenue within analyst expectations for FY23, but anticipates a significant one-time charge impacting adjusted EBITDA due to VectivBio acquisition.
The projected growth in Linzess sales and total revenue guidance suggests a positive outlook for Ironwood Pharmaceuticals, which may support the stock price. However, the large one-time charge from the VectivBio acquisition could be a concern for investors, potentially offsetting the positive sales growth impact in the short term. The net effect might be neutral as the market absorbs both the growth prospects and the one-time financial hit.
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