---
title: "Insiders Make Bold Move as ADARx Directors Go on a Multi-Million Dollar Buying Spree"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/300638144.md"
description: "On September 30, 2026, insiders at ADARx Pharmaceuticals (ADRX) executed significant stock purchases. Orbimed Advisors LLC and Director Carl Gordon each bought 950,000 shares for $16.15 million, while Director Erez Chimovits purchased 61,516 shares for approximately $1.05 million. These multi-million dollar transactions signal strong confidence from leadership and major stakeholders in the company's future."
datetime: "2026-10-01T02:01:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/300638144.md)
  - [en](https://longbridge.com/en/news/300638144.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/300638144.md)
generator: "portal-rs"
---

# Insiders Make Bold Move as ADARx Directors Go on a Multi-Million Dollar Buying Spree

New insider activity at ADARx Pharmaceuticals ( (ADRX) ) has taken place on September 30, 2026.

ADARx Pharmaceuticals has drawn significant insider interest, with three company directors making sizable open-market stock purchases. Investment firm director Orbimed Advisors LLC acquired 950,000 shares of ADARx Pharmaceuticals in a transaction worth $16,150,000. Director Carl Gordon matched this move, also buying 950,000 shares for $16,150,000. Adding to the wave of insider buying, Director Erez Chimovits purchased 61,516 shares of the company’s stock, in a deal valued at $1,045,772. These transactions highlight a strong show of confidence in ADARx Pharmaceuticals from its leadership and major stakeholders.

**More about ADARx Pharmaceuticals**

**YTD Price Performance:** 6.64%

**Average Trading Volume:** 2,239,469

**Current Market Cap:** $1.56B

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## Related News & Research

- [Adarx director Erez Chimovits acquires 61,516 shares worth $1,045,772](https://longbridge.com/en/news/300661934.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**