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Harbor Capital Boosts Ardelyx Stake Amid Revenue Challenges

9/26/2025

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Story summary
  • Harbor Capital Advisors boosted its Ardelyx, Inc. stake by 79.6% in Q2 2025, lifting institutional ownership to about 59%.
  • Ardelyx posted $97.66 million in revenue but a negative EPS of $0.08.
  • The firm focuses on gastrointestinal and cardiorenal diseases, with FDA-approved IBSRELA and XPHOZAH.
  • It built a robust commercial infrastructure, but execution, reimbursement, and profitability remain challenges.