Ardelyx presented data on IBSRELA® at the Digestive Disease Week Conference, highlighting safety, tolerability, and financial impact for IBS patients.
Quiver AI Summary
Ardelyx, Inc. announced at the Digestive Disease Week Conference in San Diego that it presented data on its first-in-class medication, IBSRELA® (tenapanor), which is approved for treating irritable bowel syndrome with constipation (IBS-C) in adults. The company emphasized its commitment to understanding the IBS patient experience through partnerships like the IBS in America Real-World Survey, which revealed that higher symptom severity correlates with increased financial distress. Additionally, safety data from a Phase 3 study on pediatric patients demonstrated no serious adverse events, and a pharmacokinetic study indicated tenapanor was not detectable in breast milk. Ardelyx aims to address significant unmet medical needs with innovative therapies, with IBSRELA showing promise in improving the quality of life for IBS-C patients.
Potential Positives
- Ardelyx presented new data on IBSRELA® (tenapanor) at a prestigious medical conference, enhancing its visibility and credibility in the biopharmaceutical field.
- The results of the IBS in America 2024 survey indicate significant financial implications related to IBS-C, providing valuable insights into the patient experience that may inform future product developments and marketing strategies.
- Interim safety data from Phase 3 studies of tenapanor in pediatric patients demonstrated no serious adverse events, reinforcing the medication’s safety profile and potential for broader patient acceptance.
- New findings on tenapanor's pharmacokinetics in breast milk support its use in breastfeeding mothers, potentially expanding its market reach and patient demographic.
Potential Negatives
- IBSRELA is contraindicated for patients under 6 years of age, posing significant safety concerns and limiting potential market growth as the company cannot target the pediatric demographic.
- The warning regarding the risk of serious dehydration in pediatric patients, especially following studies that resulted in deaths in young juvenile rats, raises ethical and regulatory scrutiny.
- Despite the approval of IBSRELA, the presence of common adverse reactions, particularly severe diarrhea reported in 2.5% of treated patients, may deter potential users and impact overall sales performance.
FAQ
What is IBSRELA® (tenapanor)?
IBSRELA (tenapanor) is a first-in-class retainagogue approved for treating irritable bowel syndrome with constipation (IBS-C) in adults.
What are the main findings from the IBS in America 2024 survey?
The survey showed that greater IBS-C symptom severity correlates with increased financial burden and distress among patients.
What safety information is available for IBSRELA?
IBSRELA is contraindicated in patients under 6 years due to dehydration risks. Diarrhea is the most common adverse reaction.
What age group can use IBSRELA?
IBSRELA is indicated for adults; its safety and effectiveness in patients under 18 have not been established.
How is Ardelyx contributing to IBS research?
Ardelyx is dedicated to enhancing understanding of the IBS patient experience and the potential impacts of IBSRELA in various populations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ARDX Insider Trading Activity
$ARDX insiders have traded $ARDX stock on the open market 25 times in the past 6 months. Of those trades, 5 have been purchases and 20 have been sales.
Here’s a breakdown of recent trading of $ARDX stock by insiders over the last 6 months:
- DAVID M MOTT has made 5 purchases buying 1,087,274 shares for an estimated $4,985,524 and 0 sales.
- MICHAEL RAAB (President & CEO) has made 0 purchases and 10 sales selling 316,019 shares for an estimated $1,598,177.
- DAVID P. ROSENBAUM (Chief Development Officer) has made 0 purchases and 3 sales selling 34,355 shares for an estimated $200,186.
- LAURA A WILLIAMS (Chief Medical Officer) has made 0 purchases and 2 sales selling 12,307 shares for an estimated $63,099.
- ELIZABETH A GRAMMER (See Remarks) has made 0 purchases and 2 sales selling 11,337 shares for an estimated $57,910.
- JUSTIN A RENZ (Chief Financial Officer) has made 0 purchases and 2 sales selling 10,431 shares for an estimated $54,295.
- ROBERT BLANKS (See Remarks) sold 4,941 shares for an estimated $23,689
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ARDX Hedge Fund Activity
We have seen 113 institutional investors add shares of $ARDX stock to their portfolio, and 100 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JANUS HENDERSON GROUP PLC added 2,858,061 shares (+13.3%) to their portfolio in Q4 2024, for an estimated $14,490,369
- TWO SEAS CAPITAL LP added 1,855,337 shares (+inf%) to their portfolio in Q4 2024, for an estimated $9,406,558
- EVENTIDE ASSET MANAGEMENT, LLC removed 1,812,285 shares (-24.4%) from their portfolio in Q4 2024, for an estimated $9,188,284
- ROCK SPRINGS CAPITAL MANAGEMENT LP added 1,463,629 shares (+inf%) to their portfolio in Q4 2024, for an estimated $7,420,599
- D. E. SHAW & CO., INC. added 1,453,369 shares (+9499.8%) to their portfolio in Q4 2024, for an estimated $7,368,580
- MACQUARIE GROUP LTD added 1,398,144 shares (+15.6%) to their portfolio in Q4 2024, for an estimated $7,088,590
- RUBRIC CAPITAL MANAGEMENT LP removed 1,353,706 shares (-44.2%) from their portfolio in Q4 2024, for an estimated $6,863,289
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ARDX Analyst Ratings
Wall Street analysts have issued reports on $ARDX in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Scotiabank issued a "Outperform" rating on 03/07/2025
- BTIG issued a "Buy" rating on 03/04/2025
- Jefferies issued a "Buy" rating on 01/02/2025
To track analyst ratings and price targets for $ARDX, check out Quiver Quantitative's $ARDX forecast page.
$ARDX Price Targets
Multiple analysts have issued price targets for $ARDX recently. We have seen 2 analysts offer price targets for $ARDX in the last 6 months, with a median target of $11.0.
Here are some recent targets:
- An analyst from BTIG set a target price of $14.0 on 03/04/2025
- Dennis Ding from Jefferies set a target price of $8.0 on 01/02/2025
Full Release
WALTHAM, Mass., May 06, 2025 (GLOBE NEWSWIRE) -- Ardelyx, Inc. (Nasdaq: ARDX), a biopharmaceutical company founded with a mission to discover, develop and commercialize innovative, first-in-class medicines that meet significant unmet medical needs, today announced that the company presented data supporting the company’s first-in-class retainagogue, IBSRELA ® (tenapanor), as well as results from the IBS in America 2024 supplemental survey, at the Digestive Disease Week Conference (DDW), now underway in San Diego. IBSRELA is approved by the U.S. Food and Drug Administration to treat irritable bowel syndrome with constipation (IBS-C) in adults.
“Ardelyx is committed to continuing to grow our understanding both of the IBS patient experience and the possible impact that our first-in-class retainagogue, IBSRELA, can have on different patient populations,” said Laura Williams, Chief Patient Officer. “We are especially pleased to continue our partnership with the IBS in America Real-World Survey which helps unveil new insights into the lived experience of patients with IBS, especially as it relates to quality of life. We are also pleased to be able to share data we continue to collect on the safety and tolerability of IBSRELA in other important patient groups.”
Poster # Mo1257, entitled “Patient-Reported IBS-C Symptom Severity Correlates Positively With Financial Burden: Results From the IBS in America 2024 Real-World Survey,” demonstrated that greater IBS-C symptom severity is associated with greater financial hardship and distress, or financial toxicity. Based on data from the IBS in America 2024 Real-World supplemental survey, the Functional Assessment of Chronic Illness Therapy Measure of Financial Toxicity (FACIT-COST®) and Patient-Reported Outcomes Measurement Information System® (PROMIS®) gastrointestinal (GI) symptom scales were used to assess financial toxicity and symptoms, respectively.
Poster #Sa1643, entitled “Safety and Tolerability of Tenapanor in Pediatric Patients With Irritable Bowel Syndrome With Constipation: An Analysis of Blinded Safety Data from a Phase 3 Study and its Open-Label Extension,” reports interim, blinded safety results from the Phase 3 R-ALLY study of tenapanor in pediatric patients aged ≥12 to <18 years-old with IBS-C, and its open-label safety extension study. No serious adverse events or unexpected safety signals were reported as part of either study. Diarrhea was the only adverse event related to study drug, which is consistent with tenapanor’s mechanism of action.
Poster #Sa1673, entitled “Neither Tenapanor nor its Major Metabolite Were Detected in the Breast Milk of Healthy Lactating Females After 4 Days of Dosing: A Phase 1, Open-Label, Pharmacokinetic Study,” presents data from a four-day study that was conducted to assess the pharmacokinetics of tenapanor and its primary metabolite, M1, in breast milk, as well as the safety and tolerability of tenapanor in healthy lactating females. The results of the study showed that tenapanor was not present at detectable levels in the breast milk of healthy lactating females after repeated oral administration. Tenapanor and M1 were below the limit of quantitation at all concentrations and all time points, and no unexpected treatment-emergent adverse events were reported.
Poster presentations are now publicly available and can be accessed on demand here .
About IBSRELA® (tenapanor)
IBSRELA (tenapanor) is a locally acting inhibitor of the sodium/hydrogen exchanger 3 (NHE3), an antiporter expressed on the apical surface of the small intestine and colon primarily responsible for the absorption of dietary sodium. By inhibiting NHE3 on the apical surface of the enterocytes, tenapanor reduces absorption of sodium from the small intestine and colon, thus retaining luminal water content, which accelerates intestinal transit time and results in a softer stool consistency. IBSRELA has also been shown to reduce abdominal pain by decreasing visceral hypersensitivity and by decreasing intestinal permeability in animal models. In a rat model of colonic hypersensitivity, tenapanor reduced visceral hyperalgesia and normalized colonic sensory neuronal excitability.
About Irritable Bowel Syndrome with Constipation (IBS-C)
Irritable bowel syndrome with constipation (IBS-C) is a gastrointestinal disorder characterized by both abdominal pain and altered bowel movements, estimated to affect 12 million people in the U.S. IBS-C is associated with significantly impaired quality of life, reduced productivity, and substantial economic burden.
IMPORTANT SAFETY INFORMATION
WARNING: RISK OF SERIOUS DEHYDRATION IN PEDIATRIC PATIENTS
IBSRELA is contraindicated in patients less than 6 years of age; in nonclinical studies in young juvenile rats administration of tenapanor caused deaths presumed to be due to dehydration. Avoid use of IBSRELA in patients 6 years to less than 12 years of age. The safety and effectiveness of IBSRELA have not been established in patients less than 18 years of age. |
CONTRAINDICATIONS
IBSRELA is contraindicated in:
- patients less than 6 years of age due to the risk of serious dehydration
- patients with known or suspected mechanical gastrointestinal obstruction
WARNINGS AND PRECAUTIONS
Risk of Serious Dehydration in Pediatric Patients
- IBSRELA is contraindicated in patients below 6 years of age. The safety and effectiveness of IBSRELA in patients less than 18 years of age have not been established. In young juvenile rats (less than 1 week old; approximate human age equivalent of less than 2 years of age), decreased body weight and deaths occurred, presumed to be due to dehydration, following oral administration of tenapanor. There are no data available in older juvenile rats (human age equivalent 2 years to less than 12 years).
- Avoid the use of IBSRELA in patients 6 years to less than 12 years of age. Although there are no data in older juvenile rats, given the deaths in younger rats and the lack of clinical safety and efficacy data in pediatric patients, avoid the use of IBSRELA in patients 6 years to less than 12 years of age.
Diarrhea
Diarrhea was the most common adverse reaction in two randomized, double-blind, placebo-controlled trials of IBS-C. Severe diarrhea was reported in 2.5% of IBSRELA-treated patients. If severe diarrhea occurs, suspend dosing and rehydrate patient.
MOST COMMON ADVERSE REACTIONS
The most common adverse reactions in IBSRELA-treated patients (incidence ≥2% and greater than placebo) were: diarrhea (16% vs 4% placebo), abdominal distension (3% vs <1%), flatulence (3% vs 1%) and dizziness (2% vs <1%).
INDICATION
IBSRELA (tenapanor) is indicated for the treatment of Irritable Bowel Syndrome with Constipation (IBS-C) in adults. Please see full
Prescribing Information
, including Boxed Warning, for additional risk information.
About Ardelyx
Ardelyx was founded with a mission to discover, develop and commercialize innovative, first-in-class medicines that meet significant unmet medical needs. Ardelyx has two commercial products approved in the United States, IBSRELA
®
(tenapanor) and XPHOZAH
®
(tenapanor). Ardelyx has agreements for the development and commercialization of tenapanor outside of the U.S. 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. Knight Therapeutics commercializes IBSRELA in Canada. For more information, please visit
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