Tenapanor Approved in China for Hyperphosphatemia
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Ardelyx's drug Tenapanor has been approved in China for the treatment of hyperphosphatemia. As a result, Ardelyx will receive a $5 million milestone payment from Fosun Pharma.
February 26, 2025 | 12:15 pm
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Ardelyx's Tenapanor has been approved in China, leading to a $5 million milestone payment from Fosun Pharma. This approval could enhance Ardelyx's revenue and market presence.
The approval of Tenapanor in China is a significant milestone for Ardelyx, as it opens up a new market and secures a $5 million payment. This is likely to positively impact Ardelyx's stock price in the short term due to increased revenue potential and market expansion.
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