Ardelyx wins new agreements, $20M equity investment from Kyowa Kirin [Seeking Alpha]
KIRIN HLDGS CO LTD S/ADR (KNBWY)
US:NASDAQ Investor Relations:
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Source: Seeking Alpha
Seeking Alpha Healthcare | On the Move Ardelyx wins new agreements, $20M equity investment from Kyowa Kirin Nov. 25, 2019 7:01 PM ET Ardelyx, Inc. (ARDX) Carl Surran Ardelyx (NASDAQ: +9.1% expanding its partnership OTCPK:KYKOF The companies establish a two-year research collaboration to advance two of ARDX's research programs focused on the identification and design of compounds to two undisclosed targets; Kyowa Kirin will pay $10M to ARDX to support the ongoing research. Kyowa Kirin will have the option to license any candidates nominated by the companies for further development and commercialization in certain territories. The two companies initially established a partnership in 2017 through a license agreement that provided Kyowa Kirin with exclusive rights to develop and commercialize ARDX's lead investigational product tenapanor for the treatment of cardiorenal diseases in Japan. See all stocks on the move » Now read: Kraton: Getting More Interesting Following Cariflex Sale » T
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