Ardelyx Reports Strong 2024 Sales Growth, Sets Ambitious 2025 Targets

Published 11 hours agoARDX

Ardelyx Reports Strong 2024 Sales Growth, Sets Ambitious 2025 Targets

Ardelyx, Inc. has revealed notable growth in its 2024 sales, particularly highlighting its IBSRELA product with approximately $158 million in U.S. net product sales revenue. The fourth-quarter sales for IBSRELA reached around $54 million, a 32% boost from the previous quarter. For 2025, the company aims for IBSRELA to achieve U.S. net product sales between $240 million and $250 million, with aspirations of capturing over 10% market share and generating over $1 billion annually before any patent expiry.

Ardelyx also reported robust numbers for its XPHOZAH product, which garnered about $161 million in U.S. net sales for 2024, with the fourth quarter contributing approximately $57 million. The company has set ambitious targets for XPHOZAH as well, expecting it to reach $750 million in annual U.S. net product sales at its peak. According to Reuters, Ardelyx concluded 2024 with a strong financial position, holding $250.1 million in cash, cash equivalents, and short-term investments.

Looking forward to 2025, Ardelyx plans to continue driving the momentum behind IBSRELA and XPHOZAH, alongside developing a robust pipeline of innovative treatments. The company's strategic priorities emphasize maintaining this growth trajectory while ensuring the financial strength to seize future opportunities.

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