
TommyVercetti1987
36 posts













$ARDX - You are correct... Ibsrela- TRX trends do not account for the volumes thru their specialty pharmacy channel so NOT reported to Symphony or IQVIA. Historically that channel was ~15% so one had to "adjust" data to make an assumption. Now that specialty pharma network is 30-33% as per the Jeffries Conference last week... ALSO...and HUGE POSITIVE Xphozah RX for 2Q26 are fantastic with week end 6/5 at 1,329. To put that into perspective...a 2Q 1329 exit run rate is double the run-rate the product had when 2026 began.



$ARDX My take on the CC as it regards Symphony scripts. Bloomberg Symphony data lost a provider on April 11 last year. Symphony scripts fell for Ibsrela to 72% on April 11 of the April 4 number. While for Xphozah they fell to 42% of the April 4th number. That means the provider was a major source of data for the 2 drugs. The fact that the drop was a lot larger for Xphozah seems to back up the discussion we have had that it was likely a large part of the Ardelyx assist network, since more Xphozah scripts are done as part of Ardelyx assist. In the CC they mentioned that the assist network is at about 30% and growing. That seems to jive with the idea that much of that network is not being reported by Symphony and that the growth, which is stronger in that network is not being reported. So I will be keeping the Disclaimer because I think the data is not reflecting script growth as much as it should.


















