Ironwood Pharmaceuticals - Top 20 VC deals of 2008

Company: Ironwood Pharmaceuticals
Based: Cambridge, MA
Amount: $50M

Investors: Fidelity Biosciences, Venrock Associates, Polaris Venture Partners, Morgan Stanley Private Equity

Scoop: Ironwood secured $50 million in private equity financing in October. The company is using the funds to support its ongoing Phase III  program  for linaclotide, a treatment for irritable bowel syndrome with constipation and chronic constipation. Ironwood is also investing in its pipeline of internally discovered drug candidates, and expanding its commercial capabilities.