Product PotentialFocus should shift to Ibsrela’s steady path to becoming a $1B product, with tangible tailwinds from its fully deployed and expanded sales force.
Revenue GrowthArdelyx reported a 3Q24 total revenues top line beat of ~$98M (~34% increase Q/Q), which was ~13%/~17% above FactSet consensus/our estimates, exhibiting strong growth for both Ibsrela in IBS-C and, once again, their newer launched product Xphozah for hyperphosphatemia.
Sales PerformanceARDX delivered another exceptional quarter with XPHOZAH sales of $51.5M, demonstrating robust demand even in the early innings of the launch.