Deal Announcements

Ardelyx Closes $30 Million Series B Funding

Thursday, September 01, 2011 5:34:00 AM PDT | VentureDeal Staff

   Fremont, California  --  Biotechnology company Ardelyx has secured $30 million in its second round of institutional venture capital investment.

Ardelyx is developing drugs that target specific gut transporters and receptors in the treatment of chronic diseases.

Investors in the round included New Enterprise Associates, CMEA Capital and Amgen Ventures.

The company said it would use the financing to advance its clinical pipeline.

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