Two months after slashing 28 percent of its workforce as part of a strategic review, Ardelyx Inc. announced positive Phase III results for tenapanor, its irritable bowel syndrome with constipation (IBS-C).

Paris-based Sanofi (SNY) announced yesterday that it was terminating its option and license agreement with Fremont, Calif.-based Ardelyx (ARDX) for its NaP2b inhibitors. The termination will go into effect Sept. 30, 2015.   On Feb. 24, 2014, Ardelyx inked a licensing deal with Sanofi for its NaP2b inhibitor program, also known as NaPi2b, Npt2b and […]