Ironwood spinout Cyclerion planning $175M private placement

Ironwood spinout Cyclerion planning $175M private placement

Source: 
BioCentury
snippet: 

Cyclerion Therapeutics Inc. (Cambridge, Mass.) plans to raise up to $175 million in a private placement when the company completes its planned spinout from Ironwood Pharmaceuticals Inc. (NASDAQ:IRWD) in early April.