Ardelyx Inc.’s first drug approval makes it a commercial-stage company, but the cardiorenal disease-focused firm has no intention of marketing Ibsrela on its own for constipation-predominant irritable bowel syndrome (IBS-C). It wants a commercial partner to pay significant upfront money to take over the IBS-C indication, while Ardelyx completes a Phase III program with the same molecule, tenapanor, in hyperphosphatemia.
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