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Biotech / Medical : biotech firesales

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From: tuck5/12/2017 11:59:02 AM
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Ardelyx (ARDX) off 35% or so on superficially successful P3 trial in IBS-C. They missed a secondary endpoint that was part of the primary endpoint while hitting the primary, anyway. Further, on longer time frames, treatment effect diminished much less than placebo, and so the drug was stat sig on all of those endpoints. Given that the next trial to read out is on longer time frames, ARDX my be worth a look. I don't know the competition in this space well, so I'm not saying hit the buy button right away, but this could well be worth some DD (I'm traveling a lot in coming weeks, and won't get to it until mid June, at best).

Cheers, Tuck
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