Exact Sciences and Ironwood Pharmaceuticals have entered into an agreement to co-promote Exact Sciences' Cologuard.
Under the agreement, Cologuard promotional efforts will be expanded efforts through the use of Ironwood's clinical sales specialists. Ironwood will be compensated from the net sales generated from the physicians on whom they call. The non-exclusive co-promotion agreement covers an initial one-year term with the opportunity for extension.
Cologuard is the first and only FDA-approved noninvasive stool DNA screening test for colorectal cancer.
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