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Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Aug. 30, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Ardelyx, Inc. ("Ardelyx" or the "Company") (NASDAQ: ARDX) investors of a class action representing investors that bought securities between October 31, 2023, and July 1, 2024, inclusive (the "Class Period"). Ardelyx investors have until October 15, 2024 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The Complaint states that in its Forms 10-Q filed on October 31, 2023, and May 2, 2024, and its Form 10-K filed on February 22, 2024, Ardelyx had indicated plans to apply for including XPHOZAH in TDAPA. Additionally, during an earnings call on May 2, 2024, Defendant Michael Raab mentioned that "our intent is to enter TDAPA." However, on July 2, 2024, Ardelyx unexpectedly announced that it would not apply to include XPHOZAH in TDAPA.
Following this announcement, Ardelyx’s stock price dropped by $2.29 per share, or 30.25%, ending the day at $5.28 per share.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
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