CAMBRIDGE, Mass. — Ironwood Pharmaceuticals, one of Cambridge’s largest biotech firms, is officially spinning off a new company Monday to treat rare diseases. And if you want a symbol of their diverging paths, look no further than the laboratory that Ironwood has used in the sleek curved building it occupies on Binney Street.

Ironwood has leased more than 200,000 square feet on the first three floors for several years, and dozens of its scientists have worked in the second-floor lab. Now it will be used by the spinoff, Cyclerion Therapeutics, which has taken over that floor. Ironwood will operate from part of the first and third floors and won’t have its own lab.

Unlock this article by subscribing to STAT Plus and enjoy your first 30 days free!


What is it?

STAT Plus is STAT's premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.

What's included?

  • Daily reporting and analysis
  • The most comprehensive industry coverage from a powerhouse team of reporters
  • Subscriber-only newsletters
  • Daily newsletters to brief you on the most important industry news of the day
  • Online intelligence briefings
  • Frequent opportunities to engage with veteran beat reporters and industry experts
  • Exclusive industry events
  • Premium access to subscriber-only networking events around the country
  • The best reporters in the industry
  • The most trusted and well-connected newsroom in the health care industry
  • And much more
  • Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.

A roundup of STAT’s top stories of the day in science and medicine

Privacy Policy