Akebia to Host Conference Call on May 9, 2024, at 8:00 a.m. ET CAMBRIDGE, Mass., May 2, 2024 /PRNewswire/ -- Akebia Therapeutics®, Inc. (Nasdaq: AKBA) today announced plans to release its financial results for the first quarter ended March 31, 2024, on Thursday, May 9, 2024, prior to the open of financial markets. Akebia will host a conference call on Thursday, May 9, 2024, at 8:00 a.m. ET to discuss its financial results and recent business highlights. To access the call by phone, please click on this Regi ...

Key PointsAkebia Therapeutics is a biotech specializing in treatments for chronic kidney diseases (CKD).Its lead drug, Vafseo, received FDA approval for treating anemia in adult CKD patients who have at least 3 months of dialysis.Vafseo is an oral tablet that has been approved in 37 countries.5 stocks we like better than Akebia TherapeuticsAkebia Therapeutics Inc. NASDAQ: AKBA is a biopharmaceutical company specializing in developing treatments for chronic kidney diseases (CKD) and anemia management for pat ...

CAMBRIDGE, Mass., April 2, 2024 /PRNewswire/ -- Akebia Therapeutics, Inc. (Nasdaq: AKBA), a biopharmaceutical company with the purpose to better the lives of people impacted by kidney disease, granted six newly-hired employees options to purchase an aggregate of 110,000 shares of Akebia's common stock on March 28, 2024, as inducements material to such employee entering into employment with Akebia. The options were granted in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price ...

Core Viewpoint - Akebia Therapeutics has received FDA approval for Vafseo (vadadustat) Tablets, a once-daily oral HIF-PH inhibitor for treating anemia due to chronic kidney disease (CKD) in adults on dialysis for at least three months, aiming to establish a new oral standard of care for this patient population [1][2][9]. Company Overview - Akebia Therapeutics is a biopharmaceutical company focused on improving the lives of individuals affected by kidney disease, headquartered in Cambridge, Massachusetts, and founded in 2007 [8]. - The company plans to leverage its established commercial team and partnerships, particularly with CSL Vifor, to effectively launch Vafseo in the U.S. [4]. Product Details - Vafseo is indicated for adults with anemia due to CKD who have been on dialysis for a minimum of three months and is now approved in 37 countries [1][9]. - The approval is based on data from the INNO2VATE clinical program and post-marketing safety data from Japan, where Vafseo was launched in August 2020 [2][3]. Market Context - Approximately 500,000 adult patients in the U.S. on dialysis suffer from anemia due to CKD, which can lead to significant healthcare costs and adverse clinical outcomes [3]. - Current treatments primarily involve injectable erythropoiesis-stimulating agents administered at dialysis centers, indicating a need for additional oral therapeutic options [3]. Clinical Significance - The introduction of Vafseo is seen as a promising alternative for managing anemia in CKD patients, potentially improving their quality of life [4]. - The product aims to stimulate endogenous erythropoietin production, thereby increasing hemoglobin and red blood cell levels [9]. Future Plans - Akebia will host a conference call on March 28, 2024, to discuss the approval and launch strategy for Vafseo [6][7].

Akebia Therapeutics (AKBA) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this kidney disease treatment developer would post a loss of $0.09 per share when it actually produced a loss of $0.08, delivering a surprise of 11.11%.Over the last four quarte ...

Potential vadadustat U.S. approval on PDUFA date of March 27, 2024 Strengthened balance sheet with $55.0 million term loan financing and $26.0 million in proceeds from ATM Reported 2023 Auryxia (ferric citrate) net product revenue of $170.3 million CAMBRIDGE, Mass., March 14, 2024 /PRNewswire/ -- Akebia Therapeutics®, Inc. (Nasdaq: AKBA), a biopharmaceutical company with the purpose to better the lives of people impacted by kidney disease, today reported financial results for the fourth quarter and full yea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.00001 par value per share AKBA The Nasdaq Capital Market Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _to_ Comm ...

CAMBRIDGE, Mass., March 11, 2024 /PRNewswire/ -- Akebia Therapeutics®, Inc. (Nasdaq: AKBA), a biopharmaceutical company with the purpose to better the lives of people impacted by kidney disease, today announced plans to report fourth quarter and full year 2023 financial results on March 14, 2024. Akebia will not host a conference call due to the proximity to the anticipated March 27, 2024 Prescription Drug User Fee Act (PDUFA) target action date for vadadustat, which is under review by the U.S. Food and Dru ...

Strengthens Balance Sheet Ahead of Potential Vadadustat Approval on March 27, 2024 CAMBRIDGE, Mass., Jan. 30, 2024 /PRNewswire/ -- Akebia Therapeutics®, Inc. (Nasdaq: AKBA), a biopharmaceutical company with the purpose to better the lives of people impacted by kidney disease, today announced it has closed a loan facility with funds and accounts managed by BlackRock. The loan provides Akebia with up to $55.0 million of borrowing capacity available in three tranches. At the closing, Akebia drew the first tra ...

CAMBRIDGE, Mass., Jan. 9, 2024 /PRNewswire/ -- Akebia Therapeutics®, Inc. (Nasdaq: AKBA), a biopharmaceutical company with the purpose to better the lives of people impacted by kidney disease, today announced the appointment of Nicholas Grund as Chief Commercial Officer. Mr. Grund is a seasoned pharmaceutical executive with significant operational, commercial and strategic leadership experience across renal and specialty markets. "Nik is a profoundly knowledgeable executive with an impressive track record o ...