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Ironwood Takes in $25M

Cambridge, MA-based Ironwood Pharmaceuticals, which is developing a drug to treat irritable bowel syndrome, has collected $25 million in a new venture financing round, according to regulatory documents posted yesterday. The investors weren’t named in the documents, but Terry McGuire, a partner at Polaris Venture Partners in Waltham, MA, is listed as a board member. In May, Ironwood raised $40 million in upfront payments from Spanish development and commercialization partner Laboratorios Almirall. CEO Peter Hecht did not immediately respond to Xconomy’s request for comment on the funding round; according to Mass High Tech, Ironwood has now raised some $315 million in equity financing overall.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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