By Kelly Cloonan
Shares of Ardelyx rose after the company raised its full-year revenue guidance for its irritable bowel syndrome treatment due to strong demand.
The stock climbed 22% to $6.11 on Friday. Shares are up 21% this year.
The company now expects revenue of $270 and $275 million for its Ibsrela treatment for the full year, up from $250 million to $260 million previously.
The updated outlook comes as Ibsrela continues to post strong growth due to sustained demand from IBS patients with constipation, the company said.
For the third quarter, the company posted a loss of $969,000, or 0 cents a share, compared with a loss of $809,000, or 0 cents a share, a year earlier. Analysts polled by FactSet had forecast a loss of 6 cents a share.
Revenue rose to $110.3 million compared with $98.2 million a year ago. Analysts had expected $100.5 million.
The growth was led by Ibsrela, up 92% to $78.2 million. Xphozah revenue declined to $27.4 million due to a loss of Medicare coverage, the company said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
October 31, 2025 11:53 ET (15:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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