Ardelyx reported Q1 2023 financial results, highlighting the continued successful launch of IBSRELA with $11.4 million in net product sales. The company ended the quarter with over $130 million in cash and investments and resubmitted the XPHOZAH New Drug Application on April 17, 2023.
IBSRELA growth continues with $11.4 million in net product sales in Q1 2023.
IBSRELA continues to gain market share as a result of the company executing on its innovative launch strategy.
XPHOZAH New Drug Application (NDA) resubmitted on April 17, 2023.
The company signed an agreement with METiS Therapeutics, Inc. to license Ardelyx’s portfolio of TGR5 agonist compounds.
The company will continue to focus on achieving near-term milestones, including driving IBSRELA adoption and preparing to launch XPHOZAH in the second half of this year pending FDA approval.
Analyze how earnings announcements historically affect stock price performance