
Market Chatter: Ardelyx May Be Acquired by Zydus Life

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Ardelyx (ARDX) may be acquired by Zydus Life, a publicly traded pharmaceutical company in India, according to CNBC TV18. Zydus is reportedly looking to buy a controlling stake in Ardelyx or certain assets and is raising funds through a qualified institutional placement. Ardelyx shares rose 13% in trading on the news. Both companies did not respond to requests for comment.

