The Special Situation Report

The Special Situation Report

Revisiting Ardelyx – Insider Weekends

Insider Weekends

Asif's avatar
Asif
Mar 02, 2026
∙ Paid

Ardelyx Inc (ARDX): $6.55

Market Cap: $1.61B

Enterprise Value: $1.58B

Introduction

About a year ago, we wrote our February 2025 newsletter on two biotech companies: Avadel and Ardelyx (ARDX). A year later, it’s fascinating to see how both situations played out. The initial catalyst for both investments was seeing elevated insider activity, especially at Ava…

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