STOCK TITAN

Akebia Therapeutics, Inc. - AKBA STOCK NEWS

Welcome to our dedicated page for Akebia Therapeutics news (Ticker: AKBA), a resource for investors and traders seeking the latest updates and insights on Akebia Therapeutics stock.

Akebia Therapeutics, Inc. (NASDAQ: AKBA) is a fully integrated biopharmaceutical company headquartered in Cambridge, Massachusetts. Focused on delivering innovative therapies for patients with kidney disease, Akebia leverages hypoxia-inducible factor (HIF) biology in its product development. The company's lead product candidate, vadadustat, is an investigational oral therapy aimed at treating anemia related to chronic kidney disease (CKD) in both non-dialysis and dialysis patients. Akebia's global phase 3 program for vadadustat includes the PRO2TECT studies for non-dialysis patients and the INNO2VATE studies for dialysis-dependent patients. Vadadustat has received approval for the treatment of anemia due to CKD in multiple countries including Japan, Europe, and Australia, and is awaiting U.S. FDA approval with a PDUFA date set for March 27, 2024.

In addition to vadadustat, Akebia's portfolio includes Auryxia (ferric citrate), a medicine approved in the U.S. for the control of serum phosphorus levels in adult patients with dialysis-dependent CKD and the treatment of iron deficiency anemia in adult patients with non-dialysis-dependent CKD. Auryxia continues to show robust performance, with 2023 net product revenues totaling $170.3 million.

Akebia recently strengthened its financial position by securing a loan facility from BlackRock, providing up to $55 million in borrowing capacity. This move is geared towards supporting the potential U.S. launch of vadadustat, which Akebia anticipates will transform the company and provide a new oral treatment option for anemia in dialysis patients.

Current projects include exploring new pipeline programs targeted at acute care settings, such as acute kidney injury and acute respiratory distress syndrome, as well as retinopathy of prematurity in neonates.

With significant partnerships, a strong pipeline, and strategic financial maneuvers, Akebia Therapeutics continues to be a key player in the biopharmaceutical space, dedicated to bettering the lives of individuals affected by kidney disease.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
Tags
none
-
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.75%
Tags
Rhea-AI Summary
Akebia Therapeutics, Inc. will release its financial results for Q1 2023 on May 8, 2023, and will host a conference call to discuss the results and recent business highlights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.96%
Tags
conferences earnings
-
Rhea-AI Summary

Akebia Therapeutics (AKBA) has received marketing authorization from the European Commission for Vafseo™ (vadadustat), an oral treatment for symptomatic anaemia associated with chronic kidney disease (CKD) in adults on dialysis. This approval, effective across all 27 EU member states along with Iceland, Norway, and Liechtenstein, is a significant milestone for Akebia and aims to assist over 200,000 dialysis patients in Europe. Vafseo is available in 150 mg, 300 mg, and 450 mg film-coated tablets, providing an alternative treatment option. The approval follows a favorable opinion from the European Medicines Agency in February 2023 and is based on a robust clinical program involving over 7,500 patients. Akebia plans to partner with a European entity to expedite the drug's availability to patients in need.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.41%
Tags
none
-
Rhea-AI Summary

Akebia Therapeutics, a biopharmaceutical company focused on kidney disease, announced a stockholder information session on April 21, 2023, at 8:00 a.m. ET. The meeting aims to discuss a proposed reverse stock split to comply with Nasdaq's minimum bid price rule and avoid delisting. A special meeting on May 4, 2023, will allow stockholders to vote on this proposal. Stockholders are encouraged to submit questions by April 19 and can register for the webcast on Akebia's website. They can also vote online, by phone, or by mail, with instructions provided in the revised proxy materials sent on March 17, 2023. Participation is critical for stockholders, as the board recommends voting 'FOR' the proposals to ensure compliance and enhance company stability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
Tags
conferences
Rhea-AI Summary

Akebia Therapeutics, Inc. (Nasdaq: AKBA) announced the adjournment of its special meeting of stockholders originally scheduled for April 11, 2023. The meeting will reconvene on May 4, 2023, at 10:00 a.m. Eastern Time. The adjournment allows the company to gather additional proxies necessary for voting on proposals in its revised definitive proxy statement filed on March 17, 2023. Stockholders are encouraged to vote by May 3, 2023, as the board recommends voting 'FOR' all proposals. Proxies submitted prior will remain valid unless revoked. The meeting's record date remains February 16, 2023, and details are available on the SEC and proxy voting websites.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.88%
Tags
none
-
Rhea-AI Summary

Akebia Therapeutics, Inc. (Nasdaq: AKBA) announced its participation in the National Kidney Foundation (NKF) Spring Clinical Meetings 2023, taking place from April 11 to April 15 in Austin, Texas. During this event, Akebia will present posters focusing on critical research related to kidney disease, highlighting topics such as inpatient admission and mortality rates among Medicare patients with dialysis-dependent chronic kidney disease (CKD) and blood transfusion rates. The company aims to enhance the lives of individuals affected by kidney disease and is committed to showcasing its findings at this prominent clinical forum. Attendees can visit Akebia's booth (#801) to learn more about their initiatives and research findings.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

On April 4, 2023, Akebia Therapeutics (Nasdaq: AKBA) announced the granting of stock options to a new employee, totaling 4,000 shares. The options were provided as an inducement for the employee's recruitment and adhere to Nasdaq Listing Rule 5635(c)(4). The exercise price is set at $0.56 per share, matching the stock's closing price on the grant date. These options will vest over a period of four years, with a quarter vesting on the first anniversary. Each option has a term of ten years and is governed by Akebia's stock option agreement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.12%
Tags
none
Rhea-AI Summary

Akebia Therapeutics (Nasdaq: AKBA) reported positive top-line results from the FO2CUS study, evaluating vadadustat for treating anemia in hemodialysis patients. The study demonstrated that vadadustat met both primary and secondary efficacy endpoints, proving non-inferiority to the long-acting erythropoiesis-stimulating agent (ESA), Mircera, when used three times weekly. Additionally, vadadustat exhibited a safety profile comparable to Mircera. The trial involved 456 patients, with results indicating sufficient management of hemoglobin levels, suggesting potential as an oral alternative for current treatment options.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.21%
Tags
none

FAQ

What is the current stock price of Akebia Therapeutics (AKBA)?

The current stock price of Akebia Therapeutics (AKBA) is $1.85 as of December 23, 2024.

What is the market cap of Akebia Therapeutics (AKBA)?

The market cap of Akebia Therapeutics (AKBA) is approximately 399.3M.

What does Akebia Therapeutics, Inc. specialize in?

Akebia Therapeutics specializes in delivering innovative therapies for patients with kidney disease, leveraging hypoxia-inducible factor (HIF) biology.

What is vadadustat?

Vadadustat is Akebia’s lead product candidate, an investigational oral therapy aimed at treating anemia related to chronic kidney disease in non-dialysis and dialysis patients.

Is vadadustat approved by the FDA?

Vadadustat is currently under review by the U.S. FDA with a Prescription Drug User Fee Act (PDUFA) date set for March 27, 2024.

What are Akebia’s approved products?

Akebia’s approved products include Auryxia (ferric citrate), which is used for controlling serum phosphorus levels in dialysis-dependent CKD patients and treating iron deficiency anemia in non-dialysis-dependent CKD patients.

What recent financial moves has Akebia made?

Akebia secured a loan facility from BlackRock, providing up to $55 million in borrowing capacity, aimed at supporting the potential U.S. launch of vadadustat.

What is Auryxia?

Auryxia (ferric citrate) is a medication approved in the U.S. for the control of serum phosphorus levels in dialysis-dependent CKD patients and the treatment of iron deficiency anemia in non-dialysis-dependent CKD patients.

Where is Akebia Therapeutics located?

Akebia Therapeutics is headquartered in Cambridge, Massachusetts.

When was Akebia founded?

Akebia Therapeutics was founded in 2007.

What are Akebia’s new pipeline programs?

Akebia is exploring new pipeline programs in acute care settings, including acute kidney injury, acute respiratory distress syndrome, and retinopathy of prematurity in neonates.

How has Auryxia performed financially?

Auryxia reported robust performance with 2023 net product revenues totaling $170.3 million.

Akebia Therapeutics, Inc.

Nasdaq:AKBA

AKBA Rankings

AKBA Stock Data

399.27M
207.87M
2.09%
27.37%
5.48%
Drug Manufacturers - Specialty & Generic
Pharmaceutical Preparations
Link
United States of America
CAMBRIDGE