ANALYST COVERAGE

Ardelyx is covered by the following analysts.

Firm	Analyst Name
Cantor Fitzgerald	Louise Chen
Citi Research	Yigal Nochomovitz, Ph.D.
Cowen	Joseph Thome, Ph.D.
H.C. Wainright & Co.	Ed Arce
Jefferies & Company	Dennis Ding
Ladenburg Thalmann	Matthew L. Kaplan
Piper Sandler & Co.	Christopher J. Raymond
Raymond James	Ryan Deschner, Ph.D.
Wedbush	Laura Chico, Ph.D.

Ardelyx, Inc. is followed by the analysts listed. Please note that any opinions, estimates or forecasts regarding Ardelyx, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Ardelyx, Inc. or its management. Ardelyx, Inc. does not by its reference or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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Greater Boston
400 Fifth Avenue, Suite 210
Waltham, MA 02451

Bay Area
34175 Ardenwood Boulevard
Fremont, CA 94555

Milwaukee
260 East Highland Avenue
Milwaukee, WI 53202

Phone: 617.675.ARDX (2739)

Inquiries:
General: info@ardelyx.com
Media: media@ardelyx.com
Investor: investor@ardelyx.com
Business Development: partnering@ardelyx.com