Los Angeles, CA - 
(NewMediaWire) - September 21, 2021 - The Schall Law
Firm, a national
shareholder rights litigation firm, reminds investors of a class action lawsuit
against Ardelyx, Inc. (“Ardelyx” or “the Company”) (NASDAQ:
ARDX) for
violations of §§10(b)
and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
Investors who
purchased the Company's securities between August 6, 2020 and July 19, 2021,
inclusive (the ''Class Period''), are encouraged to contact the firm before September
28, 2021.
If you are a
shareholder who suffered a loss, click here to participate.
We also encourage you
to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite
2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of
charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this
case, has not yet been certified, and until certification occurs, you are not
represented by an attorney. If you choose to take no action, you can remain an
absent class member.
According to the
Complaint, the Company made false and misleading statements to the market.
Ardelyx knew or had reason to know that the data it submitted to the FDA as
part of the New Drug Application (“NDA”) for tenapanor was insufficient. The
Company’s NDA demonstrated a lack of clinical relevance for the drug’s
treatment effect. Based on these facts, the Company’s public statements were
false and materially misleading throughout the class period. When the market
learned the truth about Ardelyx, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm
represents investors around the world and specializes in securities class
action lawsuits and shareholder rights litigation.
This press release may
be considered Attorney Advertising in some jurisdictions under the applicable
law and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
