Sep. 11 at 8:42 PM
$ARDX Wait...so at
$3.58 the market is not trusting the growth trajectory on Ibsrela due to payor friction hurdles despite increased demand (can change), it's saying it doesn't like ARDX's debt (could be profitable in 2-3 quarters), it's saying Xphozah has little to no potential for increased uptake and revenue (can change), it ascribes near zero value to rest of world utilization (can change), it gives zero value to the CIC market (it's likely coming), and it's giving me the optionality on RDX10531 and the NHE3 inhibition mechanism as a whole for expanded indications for free. I love it when the market is absurd. Thank you for this opportunity.