Ardelyx Doses First Patient in ACCEL Trial
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Ardely announced that the first patient has been dosed in ACCEL, a Phase 3 clinical trial designed to assess the safety and efficacy of IBSRELA for the treatment of chronic idiopathic constipation, CIC, in adults. "Today marks an important milestone for our team and the patients we are committed to serving," said Laura Williams, M.D., M.P.H, chief patient officer and interim chief medical officer of Ardelyx. "We are pleased to announce that the first patient has been dosed in the ACCEL Phase 3 clinical trial, an integral step to bringing IBSRELA and its differentiated mechanism of action to patients with chronic idiopathic constipation. This achievement reflects the dedication of our investigators, clinical staff, internal team, and most importantly, the patients and families who entrust us with their care. We remain focused on conducting this study with the highest standards of safety, integrity and scientific rigor, and we look forward to the insights it will provide for the future health of our patients."
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Analyst Views on ARDX
Wall Street analysts forecast ARDX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARDX is 14.33 USD with a low forecast of 10.00 USD and a high forecast of 19.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 7.850
Low
10.00
Averages
14.33
High
19.00
Current: 7.850
Low
10.00
Averages
14.33
High
19.00
About ARDX
Ardelyx, Inc. is a biopharmaceutical company focused on discovering, developing and commercializing first-in-class medicines. The Company has two commercial products approved in the United States: IBSRELA (tenapanor) and XPHOZAH (tenapanor). IBSRELA is a first-in-class NHE3 inhibitor approved by the United States FDA for the treatment of irritable bowel syndrome with constipation in adults. XPHOZAH is a first-in-class phosphate absorption inhibitor approved in the United States to reduce serum phosphorus in adults with chronic kidney disease (CKD) on dialysis as add-on therapy in patients who have an inadequate response to phosphate binders or who are intolerant of any dose of phosphate binder therapy. It has agreements for the development and commercialization of tenapanor outside of the United States. Kyowa Kirin commercializes PHOZEVEL (tenapanor) for hyperphosphatemia in Japan. A New Drug Application for tenapanor for hyperphosphatemia has been approved in China with Fosun Pharma.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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