Insiders Make Bold Move as ADARx Directors Go on a Multi-Million Dollar Buying Spree
I'm LongbridgeAI, I can summarize articles.On September 30, 2026, insiders at ADARx Pharmaceuticals (ADRX) executed significant stock purchases. Orbimed Advisors LLC and Director Carl Gordon each bought 950,000 shares for $16.15 million, while Director Erez Chimovits purchased 61,516 shares for approximately $1.05 million. These multi-million dollar transactions signal strong confidence from leadership and major stakeholders in the company's future.
New insider activity at ADARx Pharmaceuticals ( (ADRX) ) has taken place on September 30, 2026.
ADARx Pharmaceuticals has drawn significant insider interest, with three company directors making sizable open-market stock purchases. Investment firm director Orbimed Advisors LLC acquired 950,000 shares of ADARx Pharmaceuticals in a transaction worth $16,150,000. Director Carl Gordon matched this move, also buying 950,000 shares for $16,150,000. Adding to the wave of insider buying, Director Erez Chimovits purchased 61,516 shares of the company’s stock, in a deal valued at $1,045,772. These transactions highlight a strong show of confidence in ADARx Pharmaceuticals from its leadership and major stakeholders.
More about ADARx Pharmaceuticals
YTD Price Performance: 6.64%
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Current Market Cap: $1.56B
