Home Equities Score Ardelyx Inc. (NASDAQ:ARDX) stock slumped in the premarket trading session; here’s why

Ardelyx Inc. (NASDAQ:ARDX) stock slumped in the premarket trading session; here’s why

In the premarket trading session, Ardelyx Inc. (ARDX) stock at the time writing had plunged by -20.52% to the price of $6.70. ARDX stock previously closed the session at $8.43 losing -6.12%. The ADRX stock volume traded about 4.82 million shares. The average 3-month trading volume has been 1.74 million shares. In the past year, ARDX stock had surged by 10.05%. While in the past week the shares jumped up by 2.93%. In the past three and six months, the shares jumped by 22.71%and 59.66% respectively. Furthermore, Ardelyx Inc. is currently valued in the market at $826.81 million and has 91.00 million outstanding shares.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

About Ardelyx Inc.

Ardelyx, Inc., a biopharmaceutical company that focuses on designing, developing, and commercializing products for the treatment of unmet diseases in patients. The company was previously known as Nteryx Inc. and in June 2008, it was changed to Ardelyx. The company is headquartered in Fremont, California, and was founded in 2007. Ardelyx specifically focuses on the production of medicines to meet the treatment needs of patients with cardiorenal diseases. The company’s operational activities take place in the United States and internationally.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


 Read More

The lead product candidate of the Ardelyx is a treatment for patients that have irritable bowel syndrome with constipation known as tenapanor. Tenapanor is in the completed Phase 3 clinical trial and it is also in the Phase 3 clinical trial for the treatment of hyperphosphatemia that occurs in the patients on dialysis for end-stage renal disease. Ardelyx has also developed a small molecule potassium secretagogue program which in known for the treatment of patients with hyperkalemia. This treatment is known as RDX013.

What is recently happening in the company?

On 30th April 2021, Ardelyx Inc. announced that Tenapanor has had its Prescription Drug User Fee Act (PDUFA) date extended by a period of three months. Tenapanor is used for the control of phosphorous serum in adult patients that suffer from the chronic kidney diseases while on the dialysis.

The company had this extension approved by the Food and Drug Association in US after the FDA had made an information request from Ardelyx which obligated the company for submitting more data on the drug in regards to its analysis which is there to assist the FDA get a better grip of the novel therapy and compare it with other approved therapies in order to understand the workings of the treatment. Ardelyx in return sent the information required by the FDA along with a major amendment to the NDA.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

ARDX stock granted new CPOnon-qualified stock options

On 16th April 2021, the company had reported that its Board of Directors granted a non-qualified stock options award to purchase 125,622 shares. This action was particularly taken by the compensation committee of the Ardelyx’s BOD on 12th April 2021. Furthermore, the committee also granted a 26,315 restricted stock unit award which was done under Company’s 2016 Inducement plan for its new Chief of People Officer, Sarah O’Brien. This was done in accordance with the Nasdaq Listing Rule 5635 section C (4).

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Flora Growth Corp. (FLGC) stock declines during premarket. Here’s what you should know?

Flora Growth Corp. (NASDAQ: FLGC) stock gained by 49.67% at last close whereas the FLGC stock price plunged by 18.36% in the pre-market trading...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Tonix Pharmaceutics Holdings Inc. (TNXP) stock gains during current market. What’s driving it high?

Tonix Pharmaceuticals Holdings Inc. (TNXP) stock gains by 2.81% in the current market trading session. Tonix is a clinical-stage biopharmaceutical business dedicated on finding,...

Intec Pharma Inc. (NTEC) stock declines during current market after a massive upraise. What’s happening?

Intec Pharma Inc. (NASDAQ: NTEC) stock drops by 7.88% during the current market trading session. Intec Pharma is a clinical-stage biopharmaceutical firm specializing in...

Related News

Tonix Pharmaceutics Holdings Inc. (TNXP) stock gains during current market. What’s driving it high?

Tonix Pharmaceuticals Holdings Inc. (TNXP) stock gains by 2.81% in the current market trading session. Tonix is a clinical-stage biopharmaceutical business dedicated on finding,...

NanoVibronix Inc. (NAOV) stock fell during after-market. Let’s find out why?

NanoVibronix Inc. (NAOV) stock plunged by 27.2% at the last close while the NAOV stock price fell by 8.42% in the after-hours trading session....

China Online Education Group Inc. (COE) stock fell during current market. Here’s the update

China Online Education Group Inc. (COE) stock declines by 13.91% in the current market trading. China Online Education Group is a major Chinese online...

Abeona Therapeutics Inc. (ABEO) stock surged during current market trading. Why so?

Abeona Therapeutics Inc. (ABEO) stock gains by 6.63% in the current market trading session. Abeona Therapeutics Inc. is a pharmaceutical firm in the early...

17 Education & Technology Group Inc. (YQ) stock plummeting continues on Monday pre-market but why?

17 Education & Technology Group Inc. (YQ) stock has declined 21.28% as of this writing in Monday,s pre-market. In the regular trading session on...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam