Ardelyx Collects $17.6M

7/11/11

Fremont, CA-based Ardelyx, which is developing small-molecule drugs to treat gastrointestinal disorders, has raised $17.6 million in Series B funding in a round that could go as high as $22.3 million, according to a regulatory filing last week. Ardelyx’s previous investors include CMEA Capital and New Enterprise Associates (NEA).

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @