Ardelyx Announces Proposed Public Offering of Common Stock

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Ardelyx (ARDX) Prices 7.5M Common Stock Offering at $10/Share

January 8, 2016 6:47 AM EST

Ardelyx, Inc. (NASDAQ: ARDX), a clinical-stage biopharmaceutical company focused on gastrointestinal and cardio-renal diseases, today announced the pricing of an underwritten public offering of 7,500,000 shares of its common stock at a public offering price of $10.00 per share, before underwriting discounts and commissions, for gross proceeds of $75,000,000. In addition, the Company has granted the underwriters of the offering the right for a period of 30 days to... More