CAMBRIDGE, Mass., April 7, 2008 /PRNewswire/ -- Microbia, Inc. today
announced that it has changed its name to Ironwood Pharmaceuticals, Inc.
The ironwood is a long-lived tree that thrives in the harshest desert
environment, with some trees surviving as long as 1,500 years. Known as a
"nurse tree," it provides a shaded microclimate with lower temperatures,
higher water availability, and more organic matter for birds, reptiles,
insects, animals, and plants. In addition, the name Ironwood encompasses
the inorganic and organic -- the properties of essential elements and the
characteristics of life.
"As Microbia has developed and progressed, we have outgrown the
usefulness of the name Microbia," said Peter Hecht, CEO. "With that in
mind, we sought a name for the company that reflects our approach to
creating important human medicines. Because our research efforts are not
limited to a single therapeutic area, we require a name that will
accommodate a broad range of discoveries and products. We chose a name that
not only suits us today, but also can endure for 100 years."
Additional information can be found at http://www.ironwoodpharma.com.
About Ironwood Pharmaceuticals (formerly Microbia)
Ironwood Pharmaceuticals (http://www.ironwoodpharma.com) is an
entrepreneurial pharmaceutical company dedicated to the art and science of
great drugmaking. The Company is advancing several clinical candidates --
linaclotide for the treatment of irritable bowel syndrome with
constipation, chronic constipation and other functional gastrointestinal
disorders; and novel, next-generation cholesterol absorption inhibitors for
the treatment of hypercholesterolemia. Ironwood also has a growing pipeline
of additional drug candidates in earlier stages of development. Microbia
Precision Engineering, Inc., a majority-owned subsidiary of Ironwood
Pharmaceuticals is an industrial biotechnology company developing and
commercializing novel bioprocesses for the production of specialty
chemicals. Ironwood has raised $231 million in private equity financing and
is located in Cambridge, Massachusetts.
SOURCE Microbia, Inc.