ARTICLE | Financial News

Ardelyx raising $110M via private placement

July 15, 2016 7:00 AM UTC

Ardelyx Inc. (NASDAQ:ARDX) gained $1.24 (14%) to $9.99 on Friday after it said it is raising $110 million through the sale of 12.6 million shares at $8.73 in a private placement. Investors include New Enterprise Associates, the Australian government's Future Fund, Quadrille Capital, EcoR1 Capital, RA Capital, First Manhattan Co., Rock Springs Capital, Cormorant Asset Management, Perceptive Advisors, Deerfield and Dafna Capital...

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Ardelyx Inc.