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Fly News Breaks for August 24, 2018
ARDX
Aug 24, 2018 | 05:47 EDT
Jefferies analyst Biren Amin started Ardelyx with a Buy rating and $7 price target. The analyst says the company's tenapanor in hyperphosphatemia addresses a major unmet medical need by offering the lowest pill burden among available phosphate binders on the market. Further, tenapanor in irritable bowel syndrome presents a unique mechanism for treating constipation and abdominal pain, Amin tells investors in a research note.
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